Thursday, July 27, 2017

Foreign Direct Investment goes up by 7.8% in first seven months of 2016-17

  • Chief Economics Correspondent, bdnews24.com
    Published: 2017-03-13 02:19:53 BdST

Bangladesh has received $1.71 billion in Foreign Direct Investment (FDI) between July and January in 2016-17 fiscal which is clearly a positive indication for the country’s economy.

According to the central bank data, of the investments $975 million is the net investment.

The investment is 7.8 percent higher than the corresponding period last year.

At the same period in last fiscal, the country received $1.597 billion in FDI including $898 million net investment. The net investment is calculated when the foreign investors take away their share of the income from the investment.

 

Finance Minister AMA Muhith said that the positive trend would as there was a congenial business environment was prevailing in the country.

He told bdnews24.com on Sunday that “last year the FDI had broken all previous record. If the current trend continues, it will be repeated this fiscal too.”

FDI in the last fiscal was more than $2 billion, which was 9.34% higher than $1.83 billion of the previous fiscal.