FDI up by 106 pc in Q1


FDI up by 106 pc in Q1
Author / Source : BSS

DHAKA, Oct 16: Bangladesh’s foreign direct investment (FDI) during the first quarter (Q1) of the current 2011-12 financial year marked a phenomenal 106.29 per cent rise over the last three months of the past 2010-11 fiscal. Figures released Sunday by the Board of Investment (BoI) show that a total of 412 proposals for setting up industries were registered with BoI during July- September period, of which 48 are in the area of FDI.

Among these 48 proposals, 19 would be financed entirely by foreign entrepreneurs when the rest 29 would be join venture projects. All these would bring in investments of Taka 19,780.98 crore in the country.

The BoI received similar number of investment proposals for FDI in April-June quarter of the previous fiscal, but the proposed amount of investment was Tk 9,588.71 crore, less than half of the proposed figure of the Q1 of the current financial year.


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