BIDA, BCCCI sign MoU to raise Chinese FDI in Bangladesh

15 Jun '22

1 min read

Pic: Shutterstock

Most foreign direct investment (FDI) proposals in Bangladesh come from China, according to Mohammad Sirazul Islam, executive chairman of the Bangladesh Investment Development Authority (BIDA). He said this at the signing ceremony of a memorandum of understanding (MoU) between BIDA and the Bangladesh China Chamber of Commerce and Industry (BCCCI) in Dhaka.

The two organisations will work together to increase foreign investment, especially from China, under the agreement.

In fiscal 2021-22, China topped in the registration for FDI in BIDA by registering investments worth $770 million. South Korea ranked second at $161 million.

Recently, a delegation from China expressed interest to invest in the health sector, he was quoted as saying by Bangladeshi media reports.

He, however, said private investment proposals from China at present are not satisfactory.

ALCHEMPro News Desk (DS)

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