BIDA Receives 254 Investment Proposals for April-June 20241 min read

The Bangladesh Investment Development Authority (BIDA) has reported a substantial influx of investment proposals for the April-June 2024 period, with 254 industries registering a combined investment amount of Tk 773,641.18 million. This wave of investment is anticipated to create approximately 47,105 new jobs.

Among the registered industries, 220 proposals came from local investors, 19 from foreign investors, and 15 involved joint ventures. The local investment proposals, totaling Tk 747,157.55 million, were predominantly directed towards the services sector, which received Tk 573,135.56 million. As reported, other significant investments included Tk 66,296.72 million for the chemical industry, Tk38,071.28 million for the engineering sector, Tk 27,453.84 million for the ready-made garments (RMG) sector, and Tk17,104.47 million for printing and publication. These investments are expected to generate around 41,001 jobs.

Reportedly, in the realm of foreign investment, which amounted to Tk 26,483.63 million, the chemical industry attracted the highest proposal of Tk 14,487.96 million. The RMG sector followed with Tk 3,736.33 million, the agricultural sector with Tk 3,272.13 million, the engineering sector with Tk 2,519.03 million, and the tannery and leather sector with Tk 865.32 million. These foreign investments are projected to create approximately 6,104 new jobs.

BIDA’s latest report highlights a robust interest in diverse sectors, indicating positive economic growth and job creation prospects in Bangladesh. The substantial investment figures reflect both local and international confidence in the country’s economic potential and its key industries.

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