Foreign investment proposals rise by 537.51pc in April-June

Fully foreign and joint venture investment proposals with Bangladesh Investment Development Authority (BIDA) rose by 537.51 per cent (Tk 41,502.954 million) during the April-June quarter compared to the same period of the preceding year.

According to the latest data of BIDA, the authority received some 46 overall investment proposals involving Tk 56,835.811 million during the three months of the year, reports news agency BSS.

Out of the 46 investment proposals, BIDA received 38 proposals involving Tk 15,332.857 million from local investors during this April to June period while there were five fully foreign and three joint venture proposals of Tk 41,502.954 million.

According to BIDA, the highest number of investment proposals came for the miscellaneous industry, which was 77.23 per cent of the total proposed amount. Proposals for the agricultural industry were 6.89 per cent.

Proposals for the service sector were 5.96 per cent while food and allied sector 5.72 per cent, textile sector 3.97 per cent, engineering sector 0.15 per cent and printing and publishing sector 0.07 per cent.

The investment proposals from local and foreign entrepreneurs are expected to create 5,721 job opportunities in the country.