Waking to improve its rank in Ease of doing business, Bangladesh gets it's highest ever FDI of USD 3.61 billion

News Bharati    26-Jun-2019
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Dhaka, June 26: Working to improve its ranking in the ease of doing business index, Bangladesh has received its highest ever net foreign direct investment amounting to USD 3.61 billion in 2018.

 
Releasing the figures compiled by United Nations Conference on Trade and Development (UNCTAD) the Bangladesh Investment Development Authority (BIDA) on Tuesday said that China was the biggest source for FDI inflows last year at $1.03 billion, followed by the Netherlands and the UK.
 
“It is an increase of about 68 per cent over last year. The surge in FDI came as Japan Tobacco Inc invested $1.47 billion in purchasing business from a Bangladeshi company. Power sector attracted the highest level of FDI worth over $1 billion”, the statement read.
 
The increase in the FDI inflows into Bangladesh comes against the backdrop of declining FDI in most of the world except Asia. At present the country stands at 176 out of 190 in the ease of doing business.