Home Business FDI grows 71.43%: BIDA

FDI grows 71.43%: BIDA

“Yet, the figure did not meet the expectations. We have to reform many rules and regulations to reach the expected level of the FDI inflow,” said M Aminul Islam, executive chairman of the BIDA. Addressing a press briefing at the BIDA auditorium in Agargaon area of Dhaka, Aminul cited that Bangladesh got $3.6 billion in 2018, up from $2.1 billion a year ago.  The highest FDI came from China in 2018, followed by Netherland $692 million, the BIDA executive chairman said. He said among the highest FDI flow, $371 million FDI came from UK last year, $174 million from USA, $171 million from Singapore$170 million from Hong Kong, $121 million from India, and 4108 million came from Norway in the same year. Out of the total FDI, $1.12 billion was in equity capital, $1.30 billion in reinvested earning, and rest of $1.18 billion in intra-company loan, he added. BIDA has taken massive initiative to reform a number of rules and regulation that are directly related with the FDI and he is hopeful about improvement of FDI as per expectation in coming days, Aminul said.

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