Investment proposals grow 46.33pc in July-September

Thursday, 2 December 2021

The investment proposals registered by Bangladesh Investment Development Authority (BIDA) grew by 46.33 per cent in July-September 2021.

This is a marked improvement from the corresponding period of the previous year when the investment inflow fell due to the worsening Covid-19 pandemic situation.

BIDA, an entity attached with the Prime Minister Office, provided registration to 189 companies with investment proposals of Tk 204.63 billion in the three months (July-September) this year.

A total 177 domestic companies have taken registration in July-September 2021 period with investment proposals of Tk 185.86 billion, as per a UNB report.

In the same period, seven foreign nationals-owned companies and five joint venture companies have taken registration with investment proposals of Tk 18.77 billion.

Investors have preferred the agriculture based industries to textile, services and engineering sectors to invest money.

If the proposed investment is executed, the jobs opportunity of 28,850 people would be created.