Foreign investment proposals rise by 810% in July-Sept: BIDA data

Fully foreign and joint venture investment proposals with the Bangladesh Investment Development Authority (BIDA) rose by 809.75 percent (Tk 17,079.67 crore) during the July-September quarter in 2022 compared to the same period of the preceding year 2021.

According to the latest data of the BIDA, the overall investment proposals with the BIDA rose by a staggering 54.46 percent during the July-September quarter compared to the same period of the preceding year 2021, reports Bangladesh Sangbad Sangstha.

During this July-September period, the BIDA received some 223 investment proposals involving Tk 31,610.34 crore, which was Tk 20,463.92 crore during the same period in the previous fiscal year.

The BIDA received 198 proposals involving Tk 14,530.67 crore from local investors during this July to September period while there were 9 fully foreign and 16 joint venture proposals of Tk 17,079.67 crore.

The investment proposals from local and foreign entrepreneurs are expected to create 74,032 job opportunities in the country.