BIDA Receives Tk 33,806 Crore Investment Proposals

Economic Tag: Govt.

The Bangladesh Investment Development Authority (BIDA) received a total of Tk 33,806.29 crore worth of investment proposals from both local and foreign investors during the January-March period of 2024. A total of 302 industries registered with BIDA to make these investments, with 270 being local, 18 fully foreign-owned, and 14 joint ventures. Of the total proposed investment, Tk 17,636 crore will come from local investors, potentially creating employment opportunities for 218,131 people. The agriculture industrial sector attracted Tk 4,027.4 crore, while the garment industry drew Tk 3,765.33 crore, and the chemical sector saw proposals worth Tk 3,117.03 crore.

Foreign investors proposed to invest Tk 16,169.37 crore, which could generate 4,735 new jobs. The engineering industrial sector attracted the highest foreign investment of Tk 13,620.74 crore, followed by the services industry with Tk 1,645.8 crore and the chemical industry with Tk 413.67 crore.

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