Bangladesh

“Places like the Philippines, Vietnam, Bangladesh, Mexico will gain as a result of that kind of second location as they scale back in China and scale up there.”

“It's firstly not even feasible today, for example, to make a t-shirt in China. The labor costs are just too high, but it is feasible to create a factory for garments or for washing machines in Bangladesh, in India, in Vietnam.”

“So you take a country like Bangladesh, hundred and seventy million people, eighth largest smartphone user base in the world. As I said, GDP per capita higher than India. You only have two VCs in the whole country.”

“And that combined, you have roughly about a trillion dollars in GDP, that probably over the next 1020 years, 20 to 30% of that is up for grabs by technology companies that can service that revenue base.”

“Now, in this case, and specifically, the company has already the relationships of the likes of the Inditex, the H&Ms, the large brands of the world, where what we see is basically in the first year, as soon as these brands start working with them, they almost …”

“There is basically two countries, Bangladesh and Pakistan. We're combining about four hundred million people. GDP capital actually higher than India. But still, sub-one percent e-commerce penetration, low levels of digital payments, and low levels of BTP softw…”