Capital machinery imports in Bangladesh saw a 1% year-on-year increase in the first six months of the fiscal year 2023-24, reaching $1.34 billion. The reversal in the downward trend reflects improving sentiment as political uncertainty subsides and exporters anticipate increased orders from Western buyers.
During the July-November period of FY2023, LC openings for capital machinery imports were 17% lower, impacted by a persistent dollar shortage. The recent political stability post-parliamentary elections have boosted investor confidence, leading to increased LC openings for capital machinery imports, particularly in the garment and packaging industries. The trend signals positive developments, although stakeholders remain cautious due to ongoing challenges like inflation and currency shortage
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