Investment proposals by companies registered with Bangladesh Investment Development Authority (BIDA) has fallen by 45.88% during January to March month of the current fiscal year 2016-17. According to the latest BIDA data released on Tuesday, during the period, a total of 510 industrial units were registered with BIDA for investment. In the three months, 510 industrial units submitted proposals for investing a total of Tk37,217 crore and 4.3m while 487 industrial units proposed for investing Tk68,767 crore and 6.1m during October to December period, said BIDA data. The data also showed local investment proposals rose by 28.80% during third quarter while BIDA received proposals for investing a total of Tk29,680.16 crore from local entrepreneurs for investing in 469 industrial units. “If we find that making investment abroad will bring higher returns, we will suggest allowing overseas investment,” he said.

Source: Dhaka Tribune May 02, 2017 18:56 UTC