The volume of investment proposals registered with Bangladesh Investment Development Authority (BIDA) during the fourth quarter (Q4) of fiscal year (FY) 2016-17 fell by 22 per cent or nearly Tk 81.92 billion over the previous quarter (Q3).
Investment proposals worth Tk 290.25 billion were made during the April-June period of FY 17, compared to that of Tk 372.17 billion during the January-March period, the BIDA figures have revealed.
Besides, a total of 443 industries were registered with the organisation for investment during the fourth quarter, whereas the number was 510 in the third quarter.
Of the total, local investment proposals worth Tk 274.38 billion were registered with BIDA in Q4 of FY 17 for 396 industrial units, compared to Tk 298.60 billion for 469 industrial units in Q3 of the said fiscal.
Besides, a total of 47 registered industrial units - 19 foreign and 28 joint ventures (JV) - made investment proposals amounting to Tk 15.87 billion during the last April-June period.
The amount was Tk 75.37 billion for a total of 41 foreign and JV investment proposals during the January-March period, the BIDA figures showed.
Nearly the highest 32.89 per cent of the total investment proposals - both local and foreign - were made during the April-June period for setting up textile sector.
It was followed by chemical industries with 22.41 per cent, engineering sector with 18.12 per cent, and service sector with 6.94 per cent, according to BIDA.
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Source: The Financial Express