FDI proposals to Bangladesh's BIDA rise by 126% in Q1 2023

06 May '23

1 min read

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Insights

Fully foreign and joint-venture investment proposals with the Bangladesh Investment Development Authority increased by 126.06 per cent year on year to Tk 28,086.31 million during the first quarter this year.
Two hundred and six proposals worth Tk 1,17,497.40 million were received from domestic investors during the quarter, latest data shows.

During the first quarter of this year, the Bangladesh Investment Development Authority (BIDA) saw a 126.06 per cent year-on-year (YoY) increase in fully foreign and joint-venture investment proposals, reaching a total of Tk 28,086.31 million.

BIDA received 231 investment proposals in all worth Tk 1,67,862.49 million, latest data shows.

Two hundred and six proposals worth Tk 1,17,497.40 million were received from domestic investors during the quarter, while there were 11 fully foreign and 14 joint venture proposals, according to Bangladesh media reports.

All these proposals are expected to create 39,900 jobs.

ALCHEMPro News Desk (DS)

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