Q2 foreign investment proposals drop 56.48pc

The country's foreign investment proposals have fallen 56.48 per cent in the second quarter (Q2) of this calendar year than that of the previous quarter (Q1).  
According to a Board of Investment (BoI) press statement, some 10 fully foreign and 16 joint venture (JV) proposals, worth about Tk 5 billion, have been listed with BoI in April-June 2014.
The proposals from 40 fully foreign and JV units during the previous quarter (Jan-March) were worth about Tk 11.6 billion.
However, proposed investments from local sector registered with BoI have increased 8.34 per cent in Q2. The local investment proposals amounted to Tk 155 billion in the period, while the figure was Tk 143 billion in Q1.
The total investment proposals increased 3.47 per cent, as a total of 457 units were listed with BoI, having proposed investment worth Tk 160 billion in the April-June period of 2014.
The number of total investment proposals was 432, worth about Tk 155 billion, during the January-March period.
Among the proposals in Q2, 24.73 per cent was in service sector, 24. 37 per cent in textile sector, 23.36 per cent in agro-industry, 11.40 per cent in chemical industry, and 16.2 per cent in other sectors.