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The Financial Express

Investment proposals for July-Sept leap 140pc: BIDA

| Updated: November 09, 2017 23:51:39


Investment proposals for July-Sept leap 140pc: BIDA

Investment proposals rose by 140 per cent during July-September period this year, according to the latest data of the Bangladesh Investment Development Authority (BIDA).

During that period, BIDA received proposals involving a total of Tk 697.66 billion from local and foreign investors in 391 industrial units.

The amount is Tk 407.40 billion more than April-June period of the same year, says a BSS report.

In April-June period, BIDA got investment proposals involving Tk 290.25 billion for 443 industrial units.

From BIDA data, it can also be seen that local investment proposals rose by 88.16 per cent during July-September of 2017.

During this period, BIDA received proposals for investing a total of Tk 516.27 billion from the local entrepreneurs for 361 industrial units.

The proposed amount was Tk 274.38 billion for 396 industrial units during April-June period of 2017.

The authority received proposals involving a total of Tk 181.38 billion from overseas investors for 10 fully foreign owned industrial units and 20 joint venture units with local entrepreneurs.

BIDA said the highest number of proposals came for the chemical industries, which was 33.98 per cent of the total proposed amount. Proposal for industrial sector was 31.15 per cent. Service sector came next with 29.72 per cent followed by engineering sector with 8.18 per cent, agricultural sector with 4.11 per cent, textile sector with 10.51 per cent and allied with 7.28 per cent.

The investment proposals from local and foreign entrepreneurs would create a total of 66,491 jobs in the country.

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