Bangladesh receives highest ever FDI in 2018
Bangladesh received net foreign direct investment (FDI) amounting to $3.61 billion in 2018, which is its highest ever.
It is an increase of about 68 percent over last year. The surge in FDI came as Japan Tobacco Inc invested $1.47 billion in purchasing business from a Bangladeshi company. Power sector attracted the highest level of FDI worth over $1 billion.
Releasing the figures compiled by United Nations Conference on Trade and Development (Unctad) the Bangladesh Investment Development Authority (BIDA) on Monday said that China was the biggest source for FDI inflows last year at $1.03 billion, followed by the Netherlands and the UK.
The increase in the FDI inflows into Bangladesh comes against the backdrop of declining FDI in most of the world except Asia.
Government of Bangladesh is working to improve its ranking in the ease of doing business index from the current level of 176 out of 190 to below 100 in the near future.