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The foreign direct investment (FDI) in Bangladesh fell in the 2013-14 fiscal year, 10.2 percent down from the same period a year ago, central bank data showed Sunday.
According to the Bangladesh Bank data, net FDI in Bangladesh stood at 1,550 million U.S. dollars in the 2013-14 fiscal year ( July 2013-June 2014).
The figure was 1,726 million U.S. dollars in the previous 2012- 13 fiscal year from July to June, it showed.
The central bank did not provide any further details on the FDI inflows.
Political instability, lack of capacity in the public sector, bureaucratic tangles and natural disasters are often blamed as some of the major obstacles to investment in the country.
Officials said that inadequate basic infrastructure has also been impeding large FDI inflow in Bangladesh although it has ample opportunities to woo more foreign investors as there are cheap workforce available.
The shortage of gas and electricity also deterred the large FDI inflows, a Board of Investment (BoI) official had earlier said.
State-run Bangladesh Oil, Gas and Mineral Corporation, known as Petrobangla, supplies more than 2,300 million cubic feet (mmcf) of natural gas a day against the demand of around 3,000 mmcf of gas, said a senior Petrobangla official who preferred to be unnamed.
Bangladesh's all power plants are currently generating around 6, 500 MW power against a peak demand of 8,000 MW, he said, adding that around 12 power plants are generating far less than their capacity due to inadequate gas supply.
