The growth potential of Bangladesh has been one of the most exciting economic stories, partly due to its robust workforce and bourgeoning industry sectors. The country is widely recognised for the role it plays in the textiles and garments supply chain globally with over USD20 billion exports to the European Union alone in 20181. Other industries are developing, but this sector contributes 11% of the country’s GDP and remains critical with four million workers employed2.
Although firms are investing more in Bangladesh’s supply chain, lagging infrastructure and access to power has impeded the pace of industrial development. While the government of Bangladesh has made significant progress to address these issues, the private sector has also played a vital role to accelerate development. For instance, HSBC Bangladesh has focused on providing adequate finance to support the country’s strategic development plan, while sustaining and protecting business growth.