Why Bangladesh - Quick Facts
Business Climate:
- The European Commission lists Bangladesh in Top 20 IT outsourcing destinations.
- Currently, approximately 250 IT companies, in Bangladesh, are exporting to over 30 countries. Nearly two thirds service clients in the U.S.
- Some companies have acquired CMMI level 3 certification.
Education:
- English language in wide use. English fluency among all college graduates and professionals.
Costs Advantages:
- Government offers tax advantages - all income tax exempt.
- Government offers 10 year tax holiday for any joint-venture entities in the information and computing technology area.
- All taxes and duties waved from import of computer hardware and software.
- Hundred percent remittances of profit and capital gains for foreign investors without any approval.
- Special government sponsored long-term equity fund and short term working capital financing available to IT companies.
- Rent for office space is 30% less than Hyderabad and 40% less than Manila.
Intellectual Property:
- Bangladesh is a member of the World Intellectual Property (WIP) and complies to international IP policies.
Infrastructure:
- Solid wireless infrastructure - in 2008, 40 million mobile subscribers.
- Bangladesh ensured global connectivity by connecting to the "Information Super Highway" through SEA-MEA-WE 4 consortium.
Privatization:
- Privatized telecommunications industry and WiMax development.
- Legalized VOIP services.
Recognition:
- Goldman Sachs recognized Bangladesh as one of the Next Eleven (N-11) - a list of eleven countries having potential for becoming the world's largest economies.
- JP Morgan named Bangladesh as one of the Frontier Five - a group of selected emerging countries having promising macroeconomic performance demographic trends and social developments.
Workforce:
- Bangladesh software developers have proven their competency by winning numerous programming contest across the entire Southeast Asia arena.
- The skilled labor force has a strong loyalty culture with a greater commitment in their areas of expertise.
- Each year, various institutions in Bangladesh produce about 8000 IT graduates.
Media Jockey, a communications consulting company is offering support and information on outsourcing to Bangladesh.
