Loading...

Net FDI in textile sector crosses $400m

| Updated: May 03, 2018 10:14:14


Net FDI in textile sector crosses $400m

Net inflow of the foreign direct investment (FDI) in the textile dector crossed $400 million in the past year, according to the latest statistics of the central bank.

It showed that net FDI in the textile and weaving sector stood at $421.68 million in 2017 which was $364.44 million in the previous year.

Again the gross inflow of FDI in the textile sector stood at $592.46 million in the past year which was $529.89 million in the previous year.

Disinvestment, repayments of loans and loss of the current multination entities have been deducted from the gross inflow of FDI to calculate the net FDI.

Bangladesh Bank data also showed that South Korea invested $103.05 million in this sector in net terms which was the sectoral highest amount of FDI from any country in the past year.

Share if you like