|Published : 18 Oct 2016, 23:00:17|
FDI from India up by 6.3pc
FE Online Report
Net inflow of Foreign Direct Investment (FDI) from India increased by 6.3 per cent in the last financial year (fiscal year 2015-2016), according to the latest statistics of Bangladesh Bank.
Net FDI from India stood at $88 million in the FY16 which was $82.8 million in FY15.
The central bank statistics also showed that gross inflow of FDI from India was $102.54 million in the last fiscal year while disinvestment was $14.54 million. Thus the net inflow stood at $88 million.
Of the net inflow amount, $16.31 million came as equity capital or fresh investment while $67 million came as reinvested earnings of the existing Indian entities. The rest amount worth $4.68 million came as intra-company loans.
Though FDI from India is gradually rising it is still negligible compared to total inflow of FDI worth $2003 million in Bangladesh last fiscal year.
Two major sectors, received FDI from India in the last fiscal, were: textile ($24.48 million) and banking ($23.95 million).
Stock of Indian FDI stood at $328.28 million at the end of June, 2016.