FDI proposals rise 126%: BIDA

Fully foreign and joint venture investment proposals with the Bangladesh Investment Development Authority (BIDA) rose by 126.06 per cent (Tk 28,086.31 million) during the January-March quarter of 2023, compared year-on-year.

During this period, the BIDA received around 231 investment proposals involving Tk 167,862.49 million, show latest data.

The authority received 206 proposals involving Tk 117,497.40 million from local investors in the January-March period, while there were eleven fully foreign and fourteen joint venture proposals of Tk 50,365.09 million.

Investment proposals from local and foreign entrepreneurs are expected to create 39,900 job opportunities in Bangladesh.