|Published : 13 Mar 2017, 12:31:10 | Updated : 13 Mar 2017, 12:33:29|
Foreign Direct Investment goes up by 7.8 per cent in first seven months of 2016-17
Bangladesh has received $1.71 billion in Foreign Direct Investment (FDI) between July and January in 2016-17 fiscal which is clearly a positive indication for the country’s economy.
According to the central bank data, of the investments, $975 million is the net investment. The investment is 7.8 per cent higher than the corresponding period last year.
At the same period in last fiscal, the country received $1.597 billion in FDI including $898 million net investment. The net investment is calculated when the foreign investors take away their share of the income from the investment.
Finance Minister AMA Muhith said that the positive trend would continue as there was a congenial business environment in the country, reports bdnews24.com.
He said on Sunday that “last year the FDI had broken all previous record. If the current trend continues, it will be repeated this fiscal too.”
FDI in the last fiscal was more than $2 billion, which was 9.34 per cent higher than $1.83 billion of the previous fiscal.