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China top source of FDI in BD

ASJADUL KIBRIA | Published: November 03, 2019 14:24:09 | Updated: November 03, 2019 21:19:18


Picture used for illustrative purpose only — Collected

China became the top source of the inflow of foreign direct investment (FDI) in Bangladesh in the past fiscal year (FY19) ended on June 30, 2019.

Detailed statistics on FDI, released by Bangladesh Bank, showed that the net inflow of FDI from China stood at US$ 1159.42 million ($1.16 billion) in FY19, recording 130 per cent growth over $506.14 million in FY18.

Chinese investment worth $960.59 million in the power sector contributed to push the total FDI from China over $1.0 billion for the first time.

Netherlands became the second largest source of FDI in the past fiscal year.

The net inflow of Dutch investment in Bangladesh stood at $802.84 billion in FY19, which was $108.63 million in FY18.

Some $727.15 million FDI from Netherlands in the food sector contributed to increasing the total Dutch FDI by eight times within a  year.

The United Kingdom (UK) stood third in the list investing $358.85 million in Bangladesh in FY19 while Singapore became the fourth as FDI from the island-country stood at $254.01 million in net terms.

Total net inflow of FDI stood at $3.89 billion in FY19, which was $2.58 billion in FY18.

Disinvestment along with repayments of loans & loses have been deducted as per the International Monetary Fund (IMF) guideline from the gross FDI to determine net FDI.

asjadulk@gmail.com

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