BoI proposals up 23pc in October
Wednesday, 1 December 2010
FE Report
A total of 154 foreign and local investment proposals worth Tk 42.70 billion were registered with the Board of Investment (BoI) in October, up by 23 per cent in September, the BoI said.
Of the proposals, BoI data showed, 39 per cent proposal came from local textile entrepreneurs, reflecting the growing demand for backward linkage industry.
The board's data showed a tepid response from foreign investors in October who registered only five proposals, compared to 139 by local entrepreneurs. Some 10 proposals came from joint-venture projects by local and foreign investors.
By contrast, local entrepreneurs registered highest investment proposals for setting up as many as 139 industrial units in the month. Local investors proposed to put into Tk 23.50 billion for industrial units.
Local investment proposal also recorded a 19 per cent rise in October, compared to a month ago.
In September, local entrepreneurs registered investment proposals for 92 industrial units, the investment of which amounted to Tk 19.71 billion.
Besides textiles, service sector accounted for 35 per cent, chemical 8.0 per cent, agro-based industries 8.0 per cent, engineering 7.0 per cent for and three per cent for other sectors.
Five foreign and 10 joint-venture proposals amounted to Tk 19.15 billion in October.
Foreign and joint-venture investment proposal data showed a 27 per cent increase in October against September.
The registered proposals also forecast a total employment of 42,523 people in the industries.
In August, local investors registered investment proposal for 150 industrial unit amounting to Tk 96.12 billion, while it was Tk 49.80 billion (four thousand 980 crore 54 lakh) in July for 143 industries.
A total of 154 foreign and local investment proposals worth Tk 42.70 billion were registered with the Board of Investment (BoI) in October, up by 23 per cent in September, the BoI said.
Of the proposals, BoI data showed, 39 per cent proposal came from local textile entrepreneurs, reflecting the growing demand for backward linkage industry.
The board's data showed a tepid response from foreign investors in October who registered only five proposals, compared to 139 by local entrepreneurs. Some 10 proposals came from joint-venture projects by local and foreign investors.
By contrast, local entrepreneurs registered highest investment proposals for setting up as many as 139 industrial units in the month. Local investors proposed to put into Tk 23.50 billion for industrial units.
Local investment proposal also recorded a 19 per cent rise in October, compared to a month ago.
In September, local entrepreneurs registered investment proposals for 92 industrial units, the investment of which amounted to Tk 19.71 billion.
Besides textiles, service sector accounted for 35 per cent, chemical 8.0 per cent, agro-based industries 8.0 per cent, engineering 7.0 per cent for and three per cent for other sectors.
Five foreign and 10 joint-venture proposals amounted to Tk 19.15 billion in October.
Foreign and joint-venture investment proposal data showed a 27 per cent increase in October against September.
The registered proposals also forecast a total employment of 42,523 people in the industries.
In August, local investors registered investment proposal for 150 industrial unit amounting to Tk 96.12 billion, while it was Tk 49.80 billion (four thousand 980 crore 54 lakh) in July for 143 industries.