Though 3-4 per cent of a country’s gross domestic product (GDP) is considered as the ideal FDI standard globally, in Bangladesh, the FDI inflow reduced to 0.3 per cent of the GDP in the last fiscal and 0.5 per cent in fiscal 2020-21, BIDA head of business development Nahian Rahman Rochi said.
The Bangladesh Investment Development Authority is developing an FDI heatmap to identify priority sectors and attract investors, a recent seminar was told.
Though 3-4 per cent of a country’s GDP is considered as the ideal FDI standard globally, in Bangladesh, the FDI inflow reduced to 0.3 per cent of the GDP in the last fiscal and 0.5 per cent in fiscal 2020-21.
The inflow remained stagnant within a range of $1.3 billion and $1.7 billion in the last four years, he said. Only 45 per cent of the total amount is direct FDI and the rest are intercompany loans or reinvestments.
The heatmap is being developed for strategic sectors and sub-segments where the country demonstrates a competitive edge and substantial growth potential, according to domestic media reports.
Fibre2Fashion News Desk (DS)
