![BIDA witnesses surge in investment proposals BIDA witnesses surge in investment proposals](https://www.dailymessenger.net/media/imgAll/2024February/en/7-2407270236.jpg)
Photo : Collected
A total of 254 industrial establishments have registered with the Bangladesh Investment Development Authority (BIDA) in the past three months through June.
Among them, 220 are local enterprises, 19 are foreign-owned firms, and 15 are joint ventures.
The combined proposed investments by these establishments reached Tk 773.64 billion in the last quarter of the financial year 2023-24. This figure marks a significant increase from Tk 338.06 billion proposed by 302 industrial units in the previous quarter (January to March), according to official data.
Of the Tk 747.15 billion local investment proposals, the industrial sector accounted for Tk 573.13 billion, followed by the chemical industry with Tk 66.29 billion, engineering industry with Tk 38.07 billion, garments industry with Tk 27.45 billion, and printing and press industry with Tk 17.10 billion.
The foreign investment proposals amounted to Tk 26.48 billion, with the chemical industry receiving the highest share of Tk 14.48 billion, followed by the garments industry with Tk 3.73 billion, agriculture industry with Tk 3.17 billion, engineering industry with Tk 2.51 billion, and tannery and leather industry with Tk 865.32 million.
These investments are expected to create around 47,105 job opportunities across the country.
Messenger/Fameema