Are you looking for potential business ventures to start your own business? Establishing your own business in Bangladesh means something different. Many do not get the opportunity to build their own business, others do not understand which one has the highest potentiality.
However, even in a country like Bangladesh, people can still change with the right business guidelines. In this content you’ll know about 5 Small & Medium (SME) business sectors where you can find potential of becoming the next billion dollar investment opportunities in Bangladesh.
5 Potential Business Sectors for Billion Dollar Opportunities In Bangladesh.
There are 32 thrust sectors in Bangladesh with potential for billions of dollars in investment and export earnings. And today you’ll be knowing 5 Business sectors with opportunities.
- light engineering,
- frozen food
The word agriculture forces us to think about farming, doesn’t it? The main reason for this is that farming is the root of all agribusiness. In Bangladesh, more than 50% of the country is dependent on agricultural work.
There are many issues in Bangladesh though there is a lot of opportunity for the agro-industry of this country. That is why most of the young entrepreneurs are involved in agribusiness.
10 Agricultural Business Ideas in Bangladesh:
1. Rice Cultivation.
2. Tomatoes and Pepper Cultivation.
3. Vegetable Farming.
4. Fruit Plantation.
5. Pineapples Plantation.
6. Mangoes Plantation.
7. Maize Farming.
8. Fish Farming Business.
9. Sugarcane Plantation.
10. Cattle Farming.
Information communication technology, in short ICT (It relates to digital data storage, recovery and transmission.), helps individuals, organizations and businesses to access information with the help of all digital technologies.
ICT has been identified as a thrust sector in Bangladesh because it plays a role in reform, employment, industrial growth, etc. It has become a new sector of opportunity in Bangladesh. New and young entrepreneurs are seeing a new light of opportunity in the ICT sector.
Top most successful ICT companies in Bangladesh:
- HYPE Dhaka
- REVE Group
- Tiger IT (Software)
- IM Digital
- Data Soft (Software)
- Workspace Infotech Ltd (Software)
- SkyTech Solutions
- Brain Station 23 Limited (Software)
After the Ready-made garments (RMG), light engineering sector has the opportunity of export and Value addition. It’s a process or concept that turns prefabricated materials into marketable materials. An open example of light engineering is vehicle parts/machineries.
In our country Light Engineering is an Industry of 300 Billion Taka. Where globally light engineering is an Industry of 7 Trillion USD. Our Prime Minister Sheikh Hasina declared this sector as “product of the year” for the year 2020 to increase exports.
It is time when our young entrepreneurs use their business thoughts on unique & creative business concepts.
Pharmaceutical is one of the developed industries of our country. The pharmaceutical market of Bangladesh could be upto 6billion by the year 2025. That will be 114% higher than its 2019 level.
In our country, biotech pioneers are a valuable tool for the overall development and efficacy of the market. Local pharmaceutical companies contribute more than 90 percent of the overall available medicines in the market.
Top 5 pharmaceutical Industry in Bangladesh:
1. Square Pharmaceuticals Limited.
2. Incepta Pharmaceutical Ltd.
3. Beximco Pharmaceuticals LTD.
4. Opsonin Pharma Ltd.
5. Reneta Limited.
As of the 2019 report, the global value of the frozen food industry was about 1 291.3 billion US dollars. Where the value of this industry in Bangladesh is 600 million US dollars. Due to the busy, fast paced lifestyle and time constraints, the demand and profit of this business is higher in urban areas.
However, the industry has not yet developed in all parts of Bangladesh. As our country moves towards new and profitable businesses, young entrepreneurs are finding potential in the frozen food business as well as taking it into their consideration.
10 Frozen Food companies in Bangladesh:
1. Golden Harvest (GH)
2. PRAN-RFL Group (PRAN-RFL)
3. AHSAN GROUP or AG Agro Foods Ltd. (AG)
4. Frozen Foods Ltd (FFL)
5. Kazi Farms Group (KF)
6. McCain Foods (MF)
7. Royal Frozen Foods (RF)
8. Savar Dairy & Poultry, Bangladesh (SDP)
9. Apex Foods Limited (AFL)
10. Eurasia Food Processing (BD) Ltd (EFP)
In Bangladesh we are still discovering more business ideas and concepts. All of Bangladesh’s 32 business sectors have the potential to transform our economy for the better. And in this content I have tried to explain it through 5 sectors of the potential business sector.
- light engineering,
- frozen food
Again, all 32 business sectors in Bangladesh have the potential to play an important role in our economy.