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FDI goes up by 7.8pc in first 7 months of FY17

Published : Tuesday, 14 March, 2017 at 12:00 AM Count : 284
Business Correspondent

Bangladesh has received $1.71 billion in Foreign Direct Investment (FDI) between July and January in the ongoing fiscal year 2016-17, highlighting a positive indication for the economy of the country.
The figure included net investment of $975 million, which was 7.8 per cent higher than the corresponding period last year, when the net investment was $898 million out of the total FDI of $1.597 billion during the same period in last fiscal.
The net investment is calculated when the foreign investors take away their share of the income from the investment. adds: Finance Minister AMA Muhith said that the positive trend would continue as there was a congenial business environment in the country,
He said on Sunday that "last year the FDI had broken all previous record. If the current trend continues, it will be repeated this fiscal too."
FDI in the last fiscal was more than $2 billion, which was 9.34 per cent higher than $1.83 billion of the previous fiscal.

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