Apparel makers in Bangladesh have long been opposing foreign direct investment (FDI) in the Ready-Made Garments (RMG) sector outside the Bangladesh’s Export Processing Zones (EPZs) fearing competition by foreign companies. The Vice-president of Bangladesh Garment Manufacturers and Exporters Association (BGMEA), the apex trade association of the industry, Mr. Faruque Hassan said that allowing FDI in the […]
Privatisation of government service hinders FDI in Bangladesh

FDI into Bangladesh declines as methodology revised to IMF standards

Net inflow of Foreign Direct Investment (FDI) into Bangladesh appears much lower than it was estimated earlier as the central bank revised the data matching an updated matrix of the IMF. The FDI netting in the last fiscal year, 2015-16 (FY16), was estimated at US$2 billion, which has been now revised downwards at $1.29 billion after the Bangladesh […]
Bangladesh Govt. to reclaim 2,000-acre KEPZ project land jeopardising $1.2b FDI

The Bangladesh government’s plan to take back 2,000 acres of land out of nearly 2,500 acres from the Korean Export Processing Zone (KEPZ) would jeopardise an investment of $1.2 billion that South Korean companies are planning to pump into the economic zone. Experts said it would send a wrong message to foreign investors who see […]
Board of Investment (BoI) will be replaced

A new authority will replace the Board of Investment (BoI) and Privatisation Commission (PC) under a merger scheme, now underway at the official level. One of the main functions of the newly created authority will be to bring dynamism in wooing Foreign Direct Investment (FDI) to Bangladesh. Official sources confirmed on Monday that the name of […]