Deshbandhu Group brings major foreign investment to Bangladesh
Deshbandhu Group is set to bring in foreign direct investment (FDI) worth approximately USD 370 million, marking a significant step for Bangladesh's industrial and financial sectors.
The investment will be utilised to restructure over Tk 4,500 crore in existing bank loans under the Bangladesh Bank's One-Time Exit Policy (BRPD Circular No. 13, dated July 8, 2024).
The first phase of the investment is being channelled through American investors, managed by the globally recognised investment management firm Baker Tilly JFC Group, which has pledged over €1 billion in long-term financing under an agreement with Deshbandhu Group.
A senior official from Baker Tilly JFC stated, "Deshbandhu Group is one of Bangladesh's leading industrial conglomerates. This investment will enhance its capabilities and strengthen international confidence in Bangladesh."
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On June 16, Baker Tilly JFC formally requested that the Bangladesh Bank coordinate with relevant institutions to confirm the Deshbandhu Group's principal and interest liabilities by June 30 2025, to facilitate the investment process. Deshbandhu's Additional Managing Director and CFO, M.A. Bashir Ahmed, is overseeing the initiative.
Experts have welcomed the move, particularly in light of a 13% decline in FDI to Bangladesh in 2024, as reported in UNCTAD's World Investment Report 2025. Total inflows stood at just USD 1.27 billion last year amid global and domestic uncertainties.
Javed Akhtar, President of FICCI and Chairman of Unilever Bangladesh noted, "The investment environment has never been easy here. But Deshbandhu's move may pave the way for others."
Ashraf Ahmed, former President of DCCI, said, "This initiative is vital during this economic downturn. Bangladesh Bank and BIDA should extend full support."
BIDA Executive Chairman Ashiq Chowdhury recently highlighted new tax incentives for investors, including duty exemptions for equipment used in economic zones and hi-tech parks. A high-level committee led by Dr Salehuddin Ahmed has also been formed to improve FDI flows.
With a declining trend in both domestic and foreign investments, Deshbandhu Group's initiative is being viewed as a critical development, offering renewed hope for recovery and resilience in Bangladesh's economic landscape.
