• Tuesday, Jun 22, 2021
  • Last Update : 04:19 am

Bida: Investment proposals increase by 68.50% in Oct-Dec

  • Published at 06:53 pm March 29th, 2021
BIDA
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Bida received some 365 investment proposals during this period

Overall investment proposals with the Bangladesh Investment Development Authority (Bida) rose by 68.50% (Tk95,794.719 million) during the October to December quarter in 2020 compared to the previous July to September quarter of 2020.

During this October to December period, Bida received some 365 investment proposals involving Tk235,638.781 million, which was Tk1,39,844.062 million during the July to September quarter, said a Bida press release.

Bida received 333 proposals involving Tk175,137.230 million from local investors during this October to December period while there were 11 fully foreign and 21 joint venture proposals of Tk60,501.551 million.

According to Bida, the highest number of investment proposals came for the miscellaneous industry, which was 42.58% of the total proposed amount. Proposals for the chemical industry were 30.41%.

Proposals for the agriculture sector were 10.05% while service sector 8.90% and engineering sector 8.05%.

The investment proposals from local and foreign entrepreneurs are expected to create 62,556 job opportunities in the country.


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