In Bangladesh, what’s a promising sector for investors?

Energy efficiency projects could be the next big thing for investors interested in expanding their portfolios in Bangladesh.

A new study says there is significant potential for companies in Bangladesh to “go green” and become energy efficient. This potential could produce a range of opportunities for investors and lenders, the study explains.

The study was carried by the SouthAsia Enterprise Development Facility, which is managed by the International Finance Corp., Norwegian Agency for Development Cooperation, the U.K. Department for International Development and the Bangladesh Bank.

“Sustainable energy finance is a great opportunity for banks to cross-sell financial products to their existing clients and also acquire new ones,” Panayotis Varangis, IFC global head for small and medium enterprises and business, said in a news release. “First mover banks have an advantage over their latecomer competitors.”

The study estimates the country’s textile industry alone needs at least 11 billion Bangladeshi taka ($130 million) to become energy efficient.

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About the author

  • Ivy Mungcal

    As former senior staff writer, Ivy Mungcal contributed to several Devex publications. Her focus is on breaking news, and in particular on global aid reform and trends in the United States, Europe, the Caribbean, and the Americas. Before joining Devex in 2009, Ivy produced specialized content for U.S. and U.K.-based business websites.