FDI record in People's Republic of Bangladesh

FDI record in People's Republic of Bangladesh

Rajib Ahmed . Dhaka |
Update: 12:14, May 15, 2019
 

According to the People's Republic of Bangladesh Bank, a complete of $3.6133 billion in foreign investment was recorded in 2018 whereas the number was $2.15 billion in 2017. which means the FDI was heighted by sixty eight per cent in one year.

Bangladesh Investment Development Authority says this can be the very best quantity of foreign investment since the independence of the country.

The FDI trends between 2009 and 2016 shows comes were inflated by twenty three per cent whereas the investment was raised by 389 per cent. however the fearful issue is that employment proposals in investment were reduced by seventeen per cent within the same amount of your time.

Experts on the problem same employment isn't increasing at the identical pace because the range of comes because of technological development. competent personnel isn't on the market against the duty offers.

The education system doesn't meet the strain of the country's job market, they added.

BIDA government chairman Kazi M Aminul Islam same the entrepreneurs wish to provide quality product at lower prices. That’s why they're victimization new technology. There are plenty of job offers within the market, however a deficiency of competent personnel.”

“Now, we must always emphasise on generating competent personnel.”

Record FDI

This is for the primary time the foreign direct investment within the country has crossed Tk three billion. The investment of the 2018 ($3.6133 billion) inflated by $1.46 billion than of 2017 ($2.15 billion).

The FDI was a lot of lower within the past years than the opposite countries. As per the United Nations Conference on Trade and Development’s world investment report 2018, the FDI was $4.3 billion in Burma, $3.60 billion in African nation, even $2.80 billion in Cambodia within the year of 2017. But, at the identical time, the number of foreign investment in People's Republic of Bangladesh was $2.15 billion.

The capital of Qatar government chairman, Kazi M Aminul Islam, on weekday told the media that the very best quantity of FDI came from China in 2018.

"The investors had no clear perception concerning People's Republic of Bangladesh and its economy. Efforts are on during this regard. The multnational firms do well within the country. capital of Qatar is functioning to ease the business," he told Prothom Alo earlier.

Meanwhile, he added, Japan Tobacco International nonheritable Akij Group's tobacco business last year.

The capital of Qatar international organisation conjointly same 2018's investment was essentially registered in 2016 and 2017. plenty of foreign investment has been recorded within the last 2 years. the $64000 investment can rise within the future.

Bangladesh Bank's knowledge shows in 2018, $1.1241 billion out of $3.6133 billion as capital investment whereas $1.31 billion as reinvestment of profit and $1.18 billion as intra-company debt.

*This report, originally revealed in Prothom Alo print edition, has been rewritten in English by Mamun Ahmed