Investment bids with BIDA rise 140.36pc in July-Sept

The volume of the aggregate investment proposals registered with the Bangladesh Investment Development Authority (BIDA) during the July-September period of this year rose by 140.36 per cent over the previous three months (April-June).

The investment proposals worth Tk 697.66 billion, both local and foreign, were registered with BIDA during the July-September period of 2017 compared to those of Tk 290.25 billion during April-June period of the same year, according to a BIDA press statement.

Of the total, BIDA registered local investment proposals amounting to Tk 516.277 billion for setting up some 361 industrial units in the July-September period, compared to Tk 274.38 billion for 396 units in the April-June period.

On the other hand, investment proposals worth Tk 181.38 billion were registered with BIDA for 10 cent per cent foreign units and 20 joint-venture industries during the July-September period.

The volume of investment proposals with BIDA for the foreign direct investment (FDI) and joint venture ones was Tk 15.87 billion during last April-June period, the BIDA statement said.

Of the total, BIDA received the highest 33.98 per cent investment proposal for chemical industries, followed by 29.72 per cent for service sector, 8.18 per cent for engineering, and 4.11 per cent for agro-based industries during this July-September period.

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