B’desh ‘potential’ for logistics investment

Bangladesh has jumped four spots to 23 in an annual ranking of the worlds’ leading emerging markets.
This is the second-largest gain of any market in the 50-country 2018 Agility Emerging Markets Logistics Index, according to a recent survey.
Bangladesh, a garment-industry powerhouse with 6.0 per cent GDP growth for seven consecutive years, also improves three places to No. 28 in the rankings for business climate and jumps three spots to No. 44 for infrastructure and transport connections.
In the overall rankings, only Egypt-moving from No. 20 to No. 14- makes bigger gains.
The Index, in its ninth year, is a broad gauge of economic competitiveness that includes a survey of more than 500 logistics industry professionals and a data-driven ranking of 50 emerging markets countries by size, economic strength, infrastructure, transport connections and business climate.
In the survey, Bangladesh also makes strides, moving to No. 20 from No. 27 among countries viewed by executives as potential markets for logistics investment.
Only the Philippines, which climbs seven spots to No. 11, makes as much improvement.
“Agility Emerging Markets Logistics Index has been recognised world over by business leaders as a trustworthy tool while formulating investment and growth strategy in the emerging markets,” said a statement.
“This year’s index further consolidates the position of Bangladesh as the emerging Asian target,” it added.
Agility Bangladesh has eight offices and installations spread all over the country supported by a highly-trained and professional team of over 120.