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Father of the Nation Bangabandhu Sheikh Mujibur Rahman
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Click on Image to read the Notice
Bangabandhu Sheikh Mujibur Rahman addressed at the UNGA
National Martyrs' Memorial (Jatiyo Smriti Soudho), Savar
Language Martyrs’ Monument (Shaheed Minar), Dhaka
National Parliament Building (Jatiyo Sangshad Bhaban), Dhaka
Hon'ble Prime Minister of Bangladesh
Hon'ble Prime Minister of Bangladesh
After Presentation of Credential by H.E. Ambassador Mohammad Ziauddin to the US President
Ambassador Mohammad Ziauddin shaking hands with Secretary of State Rex W. Tillerson
Foreign Minister Abul Hassan Mahmood Ali and US Secretary of State John Kerry
Biman Bangladesh Airlines
Biman Bangladesh Airlines
Bangladesh Cricket Team in Washington DC 2014
  • Father of the Nation Bangabandhu Sheikh Mujibur Rahman
  • Click on Image to read the Notice
  • Click on Image to read the Notice
  • Bangabandhu Sheikh Mujibur Rahman addressed at the UNGA
  • National Martyrs' Memorial (Jatiyo Smriti Soudho), Savar
  • Language Martyrs’ Monument (Shaheed Minar), Dhaka
  • National Parliament Building (Jatiyo Sangshad Bhaban), Dhaka
  • Hon'ble Prime Minister of Bangladesh
  • Hon'ble Prime Minister of Bangladesh
  • After Presentation of Credential by H.E. Ambassador Mohammad Ziauddin to the US President
  • Ambassador Mohammad Ziauddin shaking hands with Secretary of State Rex W. Tillerson
  • Foreign Minister Abul Hassan Mahmood Ali and US Secretary of State John Kerry
  • Biman Bangladesh Airlines
  • Biman Bangladesh Airlines
  • Bangladesh Cricket Team in Washington DC 2014

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05/07/2012: FDI inflow in Bangladesh increased last year

FDI inflow in Bangladesh increased last year

Bangladesh received foreign direct investment (FDI) of $1.13 billion last year, the highest ever investment from overseas, according to the World Investment Report (WIR), 2012 of the United Nations Conference on Trade and Development (UNCTAD).The amount is 24.42 per cent more than that in the previous year, the report said and pointed out that the increase was also higher than the average 23 percent worldwide growth of FDI. The country received $910.33 million FDI in 2010.

The previous record amount of FDI was US$1.08 billion in 2008 with increased flow of investment in the country's fast growing telecommunication sector.Like many countries across the world, the report was released in Bangladesh Thursday that focuses on the trend in FDI worldwide, at the regional and country levels and suggests measures to improve its contribution to development.

Releasing the report at the Board of Investment (BoI) in the city, BoI Chairman SA Samad said the flow of FDI would increase further if the government follows a more stable tax policy."Frequent changes in tax policy hinder flow of FDI," the BoI chief said without elaborating. Samad said the country needs to fetch more FDI for development as the flow of foreign assistance is declining for external reasons.He said the BoI has been providing necessary assistances to investors to increase FDI.

Speaking on the occasion, Energy Adviser to the Prime Minister Dr Taufiq-E- Elahi Chowdhury said the country is going ahead despite having limitations for both internal and external reasons. BoI member Nabhash Chandra Mandal said the FDI increased significantly last year after 2008. Professor Dr M Ismail Hossain of the Department of Economics of Jahangirnagar University, who prepared the Bangladesh part of the report on behalf of the BoI, said the trend in FDI flow improved last year, but it would take time to expatiate on the flow further. According to the report, garment sector attracted the highest amount of $271 million last year followed by banking sector with $249.3 million and energy sector with $238.2 million. The telecommunication got only $18.09 million.

Source: The Daily Star, Dhaka

Bangladesh News
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Dear Visitors, Please Click here to see all new/updated information from the Embassy of Bangladesh in Washington, DC, USA. Latest Notice ...



No images for this article 11/07/2017 - Notice for Applicants of Machine Readable Passport (MRP)
Dear Applicants for Machine Readable Passport (MRP), Please be informed that due to technical trouble, the processing of new MRPs at the Embassy in...



No images for this article 11/06/2017 - International Health, Pharmaceuticals and Biotech Trade Fair 2017
The First International "Health, Pharmaceuticals and Biotech Trade Fair 2017" will be held in Bangabandhu International Conference Center, Dhaka from 28 -...



No images for this article 09/22/2017 - Admission of Foreign Nationals at Undergraduate Program into BUET for 2017-18
Application Form with instruction for Admission of Foreign Nationals at Undergraduate Program into the Bangladesh University of Engineering &...



No images for this article 09/16/2017 - Humanitarian Assistance for the Rohingyas temporarily sheltered in Bangladesh
Bangladesh will accept humanitarian assistance from private persons including expatriate Bangladeshis, groups and organizations for the Rohingyas who...



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