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The Financial Express

Investment proposals increase by 68.50pc in Oct-Dec period, BIDA says

| Updated: April 07, 2021 08:45:45


Investment proposals increase by 68.50pc in Oct-Dec period, BIDA says

The number of investment proposals with the Bangladesh Investment Development Authority (BIDA) rose by 68.50 per cent (Taka 95,794.719 million) during the October to December quarter in 2020 compared to the previous quarter July to September quarter of 2020.

During the October to December period, BIDA received some 365 investment proposals involving Taka 2,35,638.781 million, which was Taka 1,39,844.062 million during the July to September quarter, reports BSS citing a BIDA press release.

BIDA received 333 proposals involving Taka 1,75,137.230 million from local investors during this October to December period while there were 11 fully foreign and 21 joint venture proposals of Taka 60,501.551 million.

According to BIDA, the highest number of investment proposals came for the miscellaneous industry, which was 42.58 per cent of the total proposed amount. Proposals for the chemical industry were 30.41 per cent.

Proposals for the agriculture sector were 10.05 per cent while service sector 8.90 per cent and engineering sector 8.05 per cent.

The investment proposals from local and foreign entrepreneurs are expected to create 62,556 job opportunities in the country.

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