Investment proposals witness 11.89pc rise in FY18

Published: August 02, 2018 18:56:46 | Updated: August 03, 2018 10:12:15

The investment proposals from both local and foreign entrepreneurs increased by 11.89 per cent in the fiscal year 2017-18 (FY18).

In FY18, Bangladesh Investment Development Authority (BIDA) received investment proposals amounting to Tk 2.072 trillion, which is Tk 220.3 billion higher than that of the previous fiscal (FY17), reports BSS citing a press release.

A total of 1,643 industrial entities got registered with BIDA during the period, creating employment opportunities for 2,87,546 people, according to the press release.

Meanwhile, the amount involving the quarterly investment proposals with BIDA was Tk 243.64 billion in the April-June period.

The BIDA figures showed that local investment proposals amounted to Taka 215.86 billion during the period.

A total of 22 wholly foreign-owned and 30 joint venture entities got registered with BIDA during the April-June period. The total amount of investment proposals made by these entities was worth around Tk 27.77 billion.

The major sources of investment in the period were service industries (22.14 per cent), textile (20 per cent), chemicals (17.67 per cent) and engineering (15.04 per cent).

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