Textile

FDI proposals to Bangladesh's BIDA rise by 126% in Q1 2023

06 May '23
1 min read
Pic: Shutterstock
Pic: Shutterstock

Insights

During the first quarter of this year, the Bangladesh Investment Development Authority (BIDA) saw a 126.06 per cent year-on-year (YoY) increase in fully foreign and joint-venture investment proposals, reaching a total of Tk 28,086.31 million.

BIDA received 231 investment proposals in all worth Tk 1,67,862.49 million, latest data shows.

Two hundred and six proposals worth Tk 1,17,497.40 million were received from domestic investors during the quarter, while there were 11 fully foreign and 14 joint venture proposals, according to Bangladesh media reports.

All these proposals are expected to create 39,900 jobs.

Fibre2Fashion News Desk (DS)

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