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past year when major sectors attracted increased investments from overseas.
A Bangladesh Bank survey found that the FDI inflow to the country during
January-June 2008 took a u-turn from the previous year's sluggish trend
while some key sectors attracted good investments from foreign
entrepreneurs. The survey revealed that the infrastructure and service
sectors were the prime recipient of FDI in the past year. Foreign
investment in the gas sector, however, decreased during the period. The
central bank survey has not mentioned any reason behind the decrease,
neither it has made any comment on the increase of FDI to other sectors
including power, telecommunication, banking and textile. It has focused
only on the comparison of the inflow of FDI in the last two years, showing
an overall increase in 2008. According to the survey, FDI inflow to gas
and petroleum sector decreased by $ 9.51 million or 13.36 percent to $
61.65 million during January- June, 2008. During the period, FDI inflow
to power sector increased by $ 7.19 million or 80.25 percent to $ 16.15
million, banking sector by 221.19 percent to $ 119.58 million and textile
sector by $ 17.4 million or 45.78 percent to $ 55.41 million. The
telecommunication sector fetched the highest amount of FDI with $ 210.68
million investment in 2008, which was 136.08 percent higher than the
previous year's investment. The overall inflow of FDI also increased
during the period with $ 483.66 million investment against the inflow of
the same during the previous survey period. Bangladesh Bank conducts the
survey twice a year to monitor the international investment position in
Bangladesh. The central bank also uses the findings of the survey in
compiling balance of payments statistics. The survey for July-December
2008 has not yet been done.
