Bangladesh attracts US $ 2.23 billion in FDI

FDI

Bangladesh’s recognition as a ‘foreign funding destination’ changed into evidenced once more whilst the these days released world investment document 2016 by way of the United nations conference on trade and improvement (UNCTAD) underlined that the us of a has acquired the best amount of foreign Direct investment (FDI) in a yr in 2015. The funding report also states that FDI in Bangladesh’s textiles and readymade garments (RMG) industry also remained strong.

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“Bangladesh has witnessed the highest increase most of the South Asian nations due to solid and beneficial funding atmosphere that prevailed in the u . s . final year,” said SA Samad, executive Chairman of Board of investment (BoI),” including, “That’s why folks who are investing here did no longer want to depart.”

As according to the UNCTAD document, Bangladesh attracted US $ 2.235 billion, registering a forty four in step with cent increase – US $ 684 million in value – in FDI influx over the previous 12 months’s FDI. In evaluation to Bangladesh, FDI inflows to Pakistan and Sri Lanka declined to US $ 865 million and US $ 681 million, respectively, as consistent with the report.

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moreover, the file states that during this location, Bangladesh is beforehand of all nations except India which obtained US $ forty four billion FDI within the yr making it the tenth largest FDI recipient usa within the world in 2015. It also underlined that Bangladesh’s energy zone obtained the highest FDI people $ 574 million accompanied by means of textiles and wearing with US $ 443 million, observed with the aid of telecommunications with US $ 255 million and banking with US $ 310 million FDI.