Unreliable power supply has been cited as the biggest obstacle to doing business in Bangladesh, according to a World Bank report.
Bangladeshi businesses face a significant disadvantage compared to other South Asian countries, with firms experiencing an average of 26 electricity outages per month, as per the World Bank's Bangladesh Development Update report, which was released on 8 April.
For the median company, the report states that these disruptions cost nearly 9% of annual sales, while delays in obtaining electricity connections remain longer than in neighboring nations, hampering growth and competitiveness.
The world bank report states frequent power disruptions have led to repeated production stoppages and significant output losses across industries, affecting overall productivity and competitiveness.
According to the world Bank report about one-quarter of firms rely intermittently on generators due to unreliable grid supply, raising operating costs.
The problem is particularly severe outside major economic hubs, amplifying regional disparities and undermining firm competitiveness.
