Hong Kong garment manufacturers are at the forefront of a rush to capitalise on Bangladesh's new 'open-door' policy and the SAR now ranks alongside Japan and Britain as one of the top three investors in the emerging market.
Dozens of local firms are already capitalising on the cheapest labour costs in the region.
Others were now following the trail to Dhaka, the capital, on a weekly basis to explore investment options, Bangladesh Consul-General Badiuzzaman Khan said.
Prime Minister Sheikh Hasina's range of incentives were second-to-none, he said.
A new Board of Investment bureau operating around the clock at the airport is providing the red carpet to foreign businessmen, guaranteeing to process and organise every aspect of establishing a new venture within 30 days. 'Before the paperwork used to take months,' Mr Khan said.
'The entire process has now been completely streamlined. One office takes care of everything from allocating land and registering a business to organising electricity and gas supply, labour and telephone connections - everything you need.' Most of the Hong Kong manufacturers are setting up shop in Bangladesh's new Export Processing Zones (EPZs).
