Bangladesh has seen significant foreign direct investment (FDI) outflows, reflecting the growing global ambitions of its local companies. Between fiscal years 2018-19 and 2023-24, outbound FDI totaled $2.07 billion, with $328.89 million invested in FY24, a 3.65% drop from the previous year. India was the top destination, receiving $31.51 million in FY24, followed by the UAE, Ireland, Malaysia, and the Maldives. Key sectors attracting investment included financial intermediaries ($70 million), chemicals and pharmaceuticals ($15.24 million), and mining and quarrying ($9.39 million).
While FDI inflows into Bangladesh decreased by 8.8% to $1.47 billion in FY24, experts view outbound investments positively, highlighting their role in enhancing local firms’ global competitiveness. Leaders stress that fostering overseas ventures is vital for creating global Bangladeshi brands and moving beyond being a low-cost original equipment manufacturer (OEM). This shift is seen as crucial for building the country’s economic reputation on the global stage.
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