Investment proposals increase by 68.50pc in Oct-Dec: BIDA

Overall investment proposals with the Bangladesh Investment Development Authority (BIDA) rose by 68.50 percent (Taka 95,794.719 million) during the October to December quarter in 2020 compared to the previous quarter July to September quarter of 2020.

During this October to December period, BIDA received some 365 investment proposals involving Taka 2,35,638.781 million, which was Taka 1,39,844.062 million during the July to September quarter, said a BIDA press release.

BIDA received 333 proposals involving Taka 1,75,137.230 million from local investors during this October to December period while there were 11 fully foreign and 21 joint venture proposals of Taka 60,501.551 million.

According to BIDA, the highest number of investment proposals came for the miscellaneous industry, which was 42.58 percent of the total proposed amount. Proposals for the chemical industry were 30.41 percent.

Proposals for the agriculture sector were 10.05 percent while service sector 8.90 percent and engineering sector 8.05 percent.

The investment proposals from local and foreign entrepreneurs are expected to create 62,556 job opportunities in the country.