This is a best prospect industry sector for this country. Includes a market overview and trade data.

Overview
The Government of Bangladesh is actively seeking to upgrade its military and security capabilities and has allocated increasing amounts to its defense and security-related budget.  An increase in terrorist attacks, including attacks on Bangladesh security forces, has also increased the demand for security and defense services and equipment in Bangladesh.  The Bangladesh Fiscal Year 2018-2019 budget included $3.45 billion in defense and security related expenditures, a 10 percent increase from the 2017-2018 budget.   

According to analysis from research consultancy Strategic Defense Intelligence (SDI), the Bangladeshi defense industry is largely underdeveloped with only limited domestic suppliers.  As a result, most of Bangladesh’s defense and security equipment and service needs are met through tenders of government contracts with foreign suppliers.

Procurement for the Ministry of Defense and the various armed forces, including the Army, Navy, and Air Force, is managed by the Directorate General of Defense Procurement (DGDP).  Procurement for the Ministry of Home Affairs is managed by the ministry’s procurement office and governed by the Public Procurement Act of 2009.  Tenders for security and defense equipment and services are frequently open to only international bidders.  Low-pricing remains an issue for U.S. bidders, especially for items that can be procured regionally.

Leading Sub-Sectors
Cyber security.

Opportunities
Personal protective equipment; Surveillance equipment; Communication equipment; Aircraft; Helicopters; Naval vessels; Security consulting services.

Web Resources
Ministry of Home Affairs
Ministry of Defense
Directorate General of Defense Procurement (DGDP)
Ministry of Finance
 

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