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BOI intends to attract FDI worth $1bn
19 Apr '07
1 min read
Board of Investment (BOI) of Bangladesh anticipates US $1 billion foreign direct investment (FDI) in 2007.
According to Mohammad Nazrul Islam, Executive Chairman of the Board of Investment (BOI), country's political crisis is responsible for poor investment inflow last year.
BOI had already set FDI targets - $1.2 billion for 2008, $1.4 billion for 2009, and $1.6 billion for 2010.
FDI grew 84 percent in 2005 to $845.3 million, which was $460.4 million during the previous year.
Now when political condition of the country is stable, foreign investors are again eyeing towards Bangladesh.
Investors such as UAE-based Abu Dhabi Group, Japan's YKK Corp, India's Tata Group, Asia Energy of the UK, are awaiting approval for investment projects.
BOI has decided to give first priority to FDI in textiles followed by leather, ceramics and among other sectors.
According to Mohammad Nazrul Islam, Executive Chairman of the Board of Investment (BOI), country's political crisis is responsible for poor investment inflow last year.
BOI had already set FDI targets - $1.2 billion for 2008, $1.4 billion for 2009, and $1.6 billion for 2010.
FDI grew 84 percent in 2005 to $845.3 million, which was $460.4 million during the previous year.
Now when political condition of the country is stable, foreign investors are again eyeing towards Bangladesh.
Investors such as UAE-based Abu Dhabi Group, Japan's YKK Corp, India's Tata Group, Asia Energy of the UK, are awaiting approval for investment projects.
BOI has decided to give first priority to FDI in textiles followed by leather, ceramics and among other sectors.
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