Investments have seen a sharp rise due the government’s higher spending on infrastructure and the power and energy sector Government initiatives such as establishing Special Economic Zones (SEZs), mega projects, and regulatory reforms to promote business, have turned Bangladesh into a hotspot for investors from home and abroad.
In recent months, Bangladesh has witnessed a sharp rise in Foreign Direct Investment (FDI) and even recorded the largest ever foreign investment.
Investments have seen a sharp rise due the government’s higher spending on infrastructure and the power and energy sector.
Summit Corporation Limited, a local power company, Mitsubishi, and General Electric (GE), signed a $3 billion (about Tk24,000 crore) deal in July, making it the biggest ever private foreign direct investment in the power sector of Bangladesh.
Japan Tobacco Inc, one of the world’s largest tobacco companies, has recently acquired Akij Group’s tobacco business for $1.47 billion (about Tk12,430 crore), the biggest ever single foreign direct investment in Bangladesh.
Meanwhile, a Chinese consortium of the Shenzhen Stock Exchange (SZSE) and the Shanghai Stock Exchange (SSE) has bought a 25% share worth Tk946.9 crore, in the Dhaka Stock Exchange, as a strategic partner.
On top of that, according to the Bangladesh Bureau of Statistics’ (BBS) provisional data, in the last fiscal year, Bangladesh has witnessed an investment of Tk7,044 crore from both public and private sectors. The amount is 16.9% higher compared to Tk6,028 crore in fiscal year 2016-17.
Of the total investment, 73.87%, amounting to Tk5,204 crore, came from the private sector, while the rest, Tk1,840 crore came from the public sector.
