The Bangladesh Investment Development Authority (Bida) has reported a substantial influx of investment proposals, totaling Tk 338.06 billion from both domestic and foreign sources during the January-March period of 2024. 

This surge in investment interest underscores growing confidence in Bangladesh’s economic potential and favorable business environment.

According to statements from the investment promotion agency, a total of 302 industries have registered with Bida to pursue these investment opportunities. Among them, 270 industries are locally owned, while 18 industries are fully owned by foreign entities, with an additional 14 industries featuring joint ownership structures.

The proposed investments are poised to stimulate economic growth and generate employment opportunities, with Tk 176.36 billion earmarked by local investors, expected to create job opportunities for 218,131 individuals.

A breakdown of the investment proposals reveals diverse sectoral interests. The agriculture industrial sector is set to receive Tk 40.27 billion in investments, followed by the garments industry with Tk 37.65 billion. 

The chemical sector is poised to attract Tk 31.17 billion, while the engineering sector and printing and publishing industry are set to receive Tk 23.43 billion and Tk 19.93 billion, respectively.

Meanwhile, foreign investors are slated to inject Tk 161.69 billion into the Bangladeshi economy, contributing to job creation for 4,735 individuals. 

The engineering industrial sector emerges as a key focus area for foreign investment, with Tk 136.20 billion allocated for this sector. 

The services industry follows with Tk 16.45 billion, while the chemical industry, garment industry, and tannery and leather industries are also set to receive notable investments.