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The government is dealing with overseas investment proposals to the tune of around US$ 10 billion.
"A $10 billion worth of investment proposals by foreign entrepreneurs, including, among others, those the Tata Group of India and the Kingdom Group of Saudi Arabia are now at approval or negotiation stages," an official source said.
Entrepreneurs from China, Malaysia, Taiwan and Australia have also made such investment proposals to the Board of Investment (BoI).
According to official sources, total foreign direct investment (FDI) in Bangladesh, for the first time, is expected to reach $1.0 billion in the 2006 calendar year.
The country received FDI amounting to over $800 million in 2005, said an official source.
Besides, investment proposals worth Tk 216.72 billion were registered with the BoI under both FDI and joint venture projects, marking a 554 per cent growth during the first nine months of the 2005-06 fiscal over the matching period of the last fiscal.
A total of 96 projects - both FDI and joint venture projects - were registered with the BoI during the July-March period of the current fiscal, sources said.
Apart from the FDI, around 1,283 projects involving Tk 137.80 billion were also registered with the BoI by local investors during the said period of this fiscal.
The registered investment proposals were nearly 37 per cent higher than that in the corresponding period of the last fiscal.
Sources also said a total of 9,352 industrial projects involving investments worth Tk 617.90 billion were registered by local entrepreneurs over the last five years.
The investment proposals were nearly 107 per cent higher in comparison with the corresponding figure of the previous five year period, sources mentioned.
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