The net equity capital inflows in Bangladesh dropped by more than 31 per cent to US$ 705.84 million in 2023 over the corresponding period a year earlier, according to a Bangladesh Bank report.
The equity capital refers to capital that a foreign company owns and not tied to debt and this type of capital often involves money entering into the country or in a company in exchange for shares.
The construction sector inflows dropped by nearly 94 per cent to $4.83 million, pharmaceuticals and chemicals by approximately 67 per cent to $2.16 million, food products by more than 54 per cent to $6.33 million, textiles and wear by 12.5 per cent to $160.49 million, gas and petroleum by 7.8 per cent to $ 270.31 million, power by 31.6 per cent to $137.71 million, "other sectors" by over 67 per cent to $63.66 million.
The net equity capital inflow in the trading sector increased by 43 per cent to $32.40 million and agriculture and fishing by over 4.0 per cent to $11.05 million.
Investment in computer software and IT as well as telecommunication remained almost same at $11.05 million and $4.47 million respectively in the year under review.
The FDI mainly comes from the United States of America (USA), the UK, China, the Netherlands and Singapore.
Such investment from the US in 2023 was $286.87 million, from the United Kingdom (UK) $99.96 million, from the People's Republic of China $86.24 million, the Netherlands $71.97 million, and Singapore $70.88 million.
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