Bangladesh BIDA creates FDI heatmap for 19 sectors to boost investment

Though 3-4 per cent of a country’s gross domestic product (GDP) is considered as the ideal FDI standard globally, in Bangladesh, the FDI inflow reduced to 0.3 per cent of the GDP in the last fiscal and 0.5 per cent in fiscal 2020-21, BIDA head of business development Nahian Rahman Rochi said.

The inflow remained stagnant within a range of $1.3 billion and $1.7 billion in the last four years, he said. Only 45 per cent of the total amount is direct FDI and the rest are intercompany loans or reinvestments.

The heatmap is being developed for strategic sectors and sub-segments where the country demonstrates a competitive edge and substantial growth potential, according to domestic media reports.

ALCHEMPro News Desk (DS)