Bangladesh has been experiencing an annual average GDP growth rate of over 7 percent for the last couple of years. Even during the global economic turmoils, it has managed a growth rate of over 6 percent, helped by robust domestic and foreign demands in the recent past and steady flow of remittances for nonresidents. It’s the second largest garment exporter in the world. Its macro fundamentals are sound and the rating agencies have held on to their assessments. Bangladesh is an investor friendly country. There has never been an instance of nationalization of FDI, nor any case of default in payment. Its incentive package for FDI and for power sector in particular, is one of the most lucrative, Its capital account is freely convertible for FDI. The Independent Power Policy of Bangladesh has been able to attract FDI since 1996 and the track records on all counts have been excellent.
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The country's largest solar power plant at Mymensingh has been connected to the national grid. The plant has the capacity to generate 73 MW of electricity, which will help meet the government’s target of generating 10% of the country’s total electricity through using renewable energy by 2021. The project is located on the banks of the Brahmaputra River at Gauripur in Mymensingh. With a 173K solar panel and 332 inverters, the solar power plant was fully installed with Huawei Smart photovoltaic (PV) solution to connect to the national grid, said a media statement on Tuesday. A photovoltaic system, also PV system or solar power system, is a power system designed to supply usable solar power by means of photovoltaics....
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Bangladesh Bureau of Statistics estimates that wheat and wheat flour purchases constitute 1.5 % of total food expenditure. This rate is very low compared to the rice purchases with 31.03 rate...
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