Dhaka, Bangladesh (BBN) - The flow of net foreign direct investment (FDI) of Bangladesh has increased by an irregular trend over the last fifteen years. Despite the amount of FDI has increased, it is still lower compared to other Asian countries, the Unnayan Onneshan (UO) said on Saturday.
In the fiscal year (FY) 2011-12, inflow of FDI increased to US$ 1194.88 million which is 53.38 percent higher than that of the previous fiscal year. During the same period, major competitive countries like India, Indonesia, Vietnam and Pakistan, however, received FDI inflow of USD 32000, USD 19000, USD 7000 and USD 1300 million respectively, according to the independent multidisciplinary think-tank.
“These inadequate inflows of FDI in Bangladesh in comparison with other countries of same economic characteristics can largely be ascribed to the lack of infrastructural facilities and recent political instabilities and uncertainties in the country,” the UO noted.
BBN/SSR/AD-26Apr14-10:38 am (BST)