Prospect, challenges and minimizing the risk of implementing a manufacturing plants in Bangladesh economic zone

Abstract

Bangladesh Government has undertaken a long-term strategic plan to build 100 special economic zones (SEZs) to boost the economic growth, create employment opportunities and to eliminate poverty from the country. This study examines the opportunities, challenges, and strategies for minimizing risks linked to the establishment of manufacturing plants within the Economic Zones of Bangladesh. The study looks into the favorable opportunities in Economic Zones, highlighted by government efforts, advantageous geographical location, and a skilled workforce. Additionally, it explores difficulties associated with inadequate infrastructure, complex regulations, and the possible consequences of political and economic fluctuations on manufacturing operations. In addition, the report outlines strategic methods to reduce risks, including comprehensive due diligence, compliance with legal and regulatory obligations, assessments of infrastructure, and the diversification of supply chains. By offering valuable insights and recommendations, the report aims to aid potential investors in navigating the complex terrain of Bangladesh's Economic Zones, facilitating the establishment of successful and sustainable manufacturing enterprises.