Investment proposals witness 17pc rise in July-March

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DHAKA, May 28, 2018 (BSS) – Overall investment proposals with the
Bangladesh Investment Development Authority (BIDA) rose by 17.08 percent
(Taka 266.92 billion) during the July-March period of the current fiscal
compared to the same period of the previous fiscal (FY 2016-17).

During this July-March period, BIDA received an overall investment
proposals worth Taka 1829.28 billion compared to Taka 1562.36 billion during
the July-March period of the previous fiscal (FY17), a BIDA press release
said.

During January-March period of FY18, BIDA received some 408 investment
proposals involving a total amount of Taka 305.21 billion.

BIDA said during this January-March period, it received some 373
proposals involving a total amount of Taka 264.79 billion from local
investors and 15 fully foreign and 20 joint venture proposals involving Tk
40.41 billion.

According to BIDA, the highest number of investment proposals came for
the textile industry sector, which was 27.36 percent of the total proposed
amount. Proposals for the service industry sector were 21.15 percent.

Chemical industry sector came next with 20.01 percent followed by
engineering industry sector with 9.31 percent, tannery and leather industry
sector with 1.04 percent and other industry sector with 21.08 percent.

The investment proposals from local and foreign entrepreneurs are
expected to create a total of 64,843 jobs in the country.

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