Thursday, September 29, 2005

A record $460 million investment !

Foreign direct investment in Bangladesh rose to a record $460 million last year - a sizeable chunk of it in telecommunications - highlighting the nation's improved investment climate, a U.N. report said Thursday.

That figure was 72 percent higher than 2003, officials said at a press conference on the release of the "World Investment Report 2005," put out by the United Nations Conference on Trade and Development, or UNCTAD.

The annual report, which analyzes trends in global foreign investment globally, predicted that Bangladesh would continue to attract investment in the future, particularly from India. Through June, $308 million in foreign funds entered the country.

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