Developer of PowerPac Economic Zone Mongla
POWERPAC ECONOMIC ZONE (PVT.) LIMITED, a concern of Sikder Group, the first company that was awarded with a license for 50 years to Design, Build, Finance, Own, Operate and Transfer (DBFOOT) of Mongla Economic Zone, Bagerhat under Public Private Partnership (PPP) model with the support of Bangladesh Economic Zones Authority (BEZA), vide permit no. 03.751.014.00.04.010.2012-624, dated 28/05/2015.
Bangladesh is a developing country which is classified as a Next Eleven emerging market and one of the Frontier Five. It has been growing at a sustained annual GDP growth of 7.24% (2016-17). The government of Bangladesh has taken initiatives to establish 100 Economic Zones on 30,000 hectares of land in the next 15 years with employment generation for 10 million people.
Bangladesh Global Recognition
Bangladesh has fulfilled the eligibility requirements to become a “Developing Country”
status; this was officially approved by UN in March, 2018.
- Goldman Sachs included Bangladesh in its “the Next 11” list of growing economies in the
- JP Morgan recognized it as the Frontier Five (2007).
- S&P rated BB (country rating) indicating long-term stability.
- Ranked 107 by “Doing Business” report of World Bank – better than India which is at 134.
- Ranked 26th in the A. T. Kearney Global Services Location index.
Why Bangladesh is your optimum investment destination
Bangladesh is situated in South Asia between 20º34’ and 26º38’ North Latitude and 88º01’
and 92º41’ East Longitude.
- Intensive Labor, Technology and Capital Industries.
- Low-Cost Work Force and easily trainable labor: The average cost of factory labor is about
$ 3 a day in Bangladesh where $ 7 in Vietnam, $ 9 in Indonesia and $ 28 in China.
- Low-Cost Energy: Lowest power energy cost in Bangladesh is $ 0.12/Unit where $ 0.124 in
Indonesia, $ 0.128 in Malaysia and $ 0.177 in Cambodia.
- Government of Bangladesh has started construction works of largest Padma Bridge, which is
expected to be completed by the end of 2020.