Investment proposals rise by 309pc in July-Sept

Published: November 21, 2019 18:01:29 | Updated: November 22, 2019 10:56:52

The overall investment proposals with the Bangladesh Investment Development Authority (BIDA) rose by a staggering 309 per cent during the July-September quarter in 2019 compared to the previous quarter April-June, 2019.

During this July-September period, BIDA received some 249 investment proposals involving Tk 5,01,169.93 million, which was Tk 1,22,388.52 million during the April-June quarter, said a BIDA press release.

BIDA received 205 proposals involving Tk 3,27,167.98 million from local investors during this July to September period while there were 20 fully foreign and 24 joint venture proposals of Tk 1,74,001.95 million.

According to BIDA, the highest number of investment proposals came for the engineering industry sector, which was 40.89 per cent of the total proposed amount. Proposals for the services industry sector were 39.92 per cent.

Proposals for the chemical industry sector were 7.16 per cent while miscellaneous industry sector 7.39 per cent and textile industry sector 4.64 per cent.

The investment proposals from local and foreign entrepreneurs are expected to create 53,071 job opportunities in the country, reports BSS.

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