Bangladesh attracts nearly $3.0b FDI in 2017-18 fiscal year

Bangladesh has attracted nearly 3.0 billion US dollars in Foreign Direct Investment (FDI) in the fiscal year 2017-18 (FY18), the country's central bank data showed Wednesday.

According to the Bangladesh Bank (BB) data, the country's gross FDI inflows stood at $2,798 million in FY18.

The figure was $3,038 million in FY17, it showed.

According to BB data, net FDI inflow in the country in the last fiscal (FY18) stood at $1,583 million against $1,653 million in the same period a year earlier, reports Xinhua.

Inadequate basic infrastructure has long been blamed for impeding large FDI inflow in Bangladesh.