Bangladesh’s FDI rises nearly 10 pct in 4 months

DHAKA, Dec. 18 (NsNewsWire) — Foreign Direct Investment (FDI) in Bangladesh increased nearly 10 percent during July-October period of 2017-18 fiscal year (July 2017-June 2018) compared to the same period last fiscal, the central bank data showed Sunday, reports Xinhua.
The Bangladesh Bank (BB) data showed that in the first four months of the current 2017-18 fiscal year, net FDI inflows were recorded at 1,150 million U.S. dollars against 1,051 million U.S. dollars in the same period a year earlier.
The bank, however, did not provide any further details on the FDI inflows in the July-October period.
Net FDI inflows in Bangladesh in the last 2016-17 fiscal year (July 2016-June 2017) stood at 2.54 billion U.S. dollars.
The last fiscal year inflows are an increase of 22.54 percent from a year earlier on the back of a surge in equity investment by mobile phone operators.
In the last fiscal year 2016-17, the country’s telecom sector reportedly saw the highest inflows of 594 million U.S. dollars, followed by textile and garment at 360.35 million U.S. dollars and power at 334.26 million U.S. dollars.  Enditem