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July-Mar investment proposals rise 17pc

FE Report | Thursday, 31 May 2018



The aggregate of proposed investments registered by the Bangladesh Investment Development Authority (BIDA) rose by 17.08 per cent in nine months to March last.
During the July-March period of the fiscal year (FY) 2017-2018, the BIDA registered proposals involving Tk 1,829.28 billion (1,82,928 crore) from both foreign and local investors.
According to the BIDA data, the amount was Tk 1,562.36 billion in the corresponding period of the FY 2016-17.
On the other hand, the BIDA recorded investment proposals involving Tk 305.21 billion during the first quarter of the FY '18.
During the January-March period the investors sought to set up a total of 408 industrial units.
Of the total amount, local investors sought to invest Tk 264.79 billion in 373 industrial units.
The figure stood at Tk 261.04 billion in the previous quarter.
During the January-March quarter, investors sought to pump Tk 40.41 billion into 15 foreign-owned units and 20 joint-venture ones.
Of them, the textile sector attracted the highest 27.36 per cent investment proposals.
The services sector came next with 21.15 per cent and chemical industries 20.01 per cent.

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