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The Financial Express

Declining FDI: A growing concern for planners

| Updated: October 25, 2017 01:37:44


Declining FDI: A growing concern for planners

NEW investment, foreign or local, is not forthcoming at a desired level and as such there exists a lull in the economy. This is not an encouraging news for our future. Every year around two million young people join the workforce. The economy therefore needs more investment to spur development and create more employment opportunities. Good governance, transparency, law and order are the prime concerns of potential investors from abroad and must be ensured to attract them. Potential investors attach highest priority to these areas before the make investment. Foreign direct investment (FDI) has improved in our neighbouring country India as the government there has been putting all its efforts to develop a congenial atmosphere to encourage investment. FDI in India grew 27 per cent more than the previous year, whereas Bangladesh experienced a 5.0 per cent drop in FDI over the preceding year. The investment scenario in our country is indeed far from being encouraging. We must take all necessary measures to encourage and facilitate foreign investment in all areas to foster economic growth. We need to make things easier for the foreigners to invest in our country.
Imran Aziz
Niketon, Dhaka
 

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