These products will be showcased at Bangladesh missions abroad, airports, and key locations nationwide, industries ministry minister says
Foreign direct investment rises in Bangladesh
Foreign direct investment or FDI has increased in Bangladesh, particularly in energy, telecom and stockmarket.
Published : 11 July 2017, 04:31 PM
Updated : 11 July 2017, 04:32 PM
Bangladesh received $2.65 billion in gross inflows of FDI between July 2016 and May 2017, whereas the amount was $2.33 billion in the same period of the previous year.
The net inflow of FDI jumped 27.75 percent to $1.62 billion in the July-May period, according to data released by Bangladesh Bank on its website. Portfolio investment in the stockmarket jumped about six times to $324 million.
Finance Minister AMA Muhith has mentioned “political stability” as a factor behind the growth.
In his closing speech on budget in parliament on Jun 28, while discussing FDI, he said: “A stable political situation has created a positive impact.”
Trade deficit widened to $9.2 billion in the 11 months to May from $6.45 billion a year ago.
Bangladesh has imported goods worth $40.25 billion between July 2016 and May 2017, which is about 11 percent higher than in the same period of fiscal 2015-16.
On the other hand, exports rose 3.8 percent year-on-year to $31.05 billion in the July-May period.
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