The Bangladesh textile and garment sector accounted for the highest foreign direct investment (FDI) inflow into the country which amounted to US $1.22 billion in the earlier fiscal. “However in the fiscal ending June 2023, overall FDI inflows into the country contracted to $3.2 billion, down 7 percent from a year ago period,” data released by the central bank of Bangladesh said.
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Among the countries that invested in the textile and garment sector, South Korea accounted for the highest share around 30 percent of all FDI flows at $435 million. Among the rest of the countries, 4 million came from Hong Kong, 2 million from China, and just million from India.
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When considering overall FDI flowing into Bangladesh, the UK stood first at $622 million. Investments from South Korea followed closely at $603 million and the Netherlands at $512 million. Other countries that contributed to FDI inflows in fiscal 2023 included Hong Kong with 1 million, the US at 7 million, Singapore with 0 million, and China at 2 million.
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