Despite the economic recession and severe dollar crisis, domestic entrepreneurs tend to take capital abroad in foreign currency from the country. In 2022, the capital taken from Bangladesh was 6 crore 47 lakh dollars or 685 crore 82 lakh taka in local currency. Last year, 7 crore 32 lakh dollars or 863 crore 76 lakh taka in local currency were taken. At that time, the amount of capital taken abroad increased to 85 million dollars or 100 million 30 million taka. This trend increased by 13.10 percent in dollar terms. 14.63 percent of the amount in terms of rupees. These data were obtained by analyzing the recently published report of Bangladesh Bank.

According to sources, the calculation is based on the entrepreneurs who have legally taken capital abroad with the approval of Bangladesh Bank. Apart from this, hundreds of times more capital has been taken abroad by smuggling money out of the country or illegally. With which business is being done abroad. In this Bismillah group has smuggled 1200 crore rupees from the country to the United Arab Emirates. It is known that they are doing five-star hotel business in the country with that money. Many more such entrepreneurs are doing business with the bank money from the country and smuggling it abroad.

Only exporters can invest capital in the policies that have been made to invest capital from the country abroad. In that case exporters should have sufficient flow of dollars. Besides, with the approval of the central bank, certain financial institutions can open banks or exchange houses with capital abroad.

According to the report, in addition to taking foreign capital from the country, some profits have started coming to the country. Among them, the financial institutions are bringing profit.

In 2020, foreign capital from Bangladesh was 3 crore 11 lakh dollars. In 2021, it tripled to 94.7 million dollars. In 2022, the amount of capital taken decreased slightly. 6 crore 47 million dollars were taken in that year. 7 crore 32 lakh dollars were taken last year. In the last one year, the trend of taking capital from the country and abroad has increased by 13.10 percent.

There has also been a slight increase in the tendency to repatriate profits earned from capital invested abroad. The profit in 2022 was 1 crore 21 lakh dollars. In 2023, 4 crore 33 lakh dollars have been brought. Profitability has increased by 256.8 percent in one year. As a result, the capital status of Bangladeshi entrepreneurs abroad has decreased somewhat. In 2022, the status was 400 million dollars or 4240 million rupees. In 2023, it will decrease to 380 million dollars or 4484 million taka. During that period the status decreased by 3.8 percent. However, due to the devaluation of the rupee against the dollar, the status of capital in terms of rupees did not decrease but increased.

Meanwhile, the tendency to take cash capital has decreased slightly in the last one year. 1 crore 17 lakh 40 thousand dollars have been taken as capital in 2022. In 2023, you have taken 1 crore 7 lakh dollars. During that time it decreased by 9.2 percent. Before that, 91 lakh 90 thousand dollars were taken in 2020, 57 lakh 80 thousand dollars in 2021.

The domestic companies have started reinvesting the profits earned by operating the business with the capital taken from the country. In 2022, the reinvestment of profits earned from overseas businesses was 3.48 million dollars. In 2023, 4 crore 3 million dollars have been invested in this sector. During that period, investment profits increased by 23.6 percent.

Foreign companies can invest by taking loans from one company to another. In 2022, 61 million dollars were invested with loans. No new investment in this sector in 2023. Instead, 2 crore 37 lakh 40 thousand dollars have been paid from the previous outstanding debt. Investment in this sector has decreased by 491.7 percent.

The difference between taking capital abroad and bringing it back is net investment. The net investment in 2022 was 52.6 million dollars. In 2023, it will decrease to 2 crore 99 million dollars. Net investment decreased by 43.2 percent during the period under discussion.

The investment status of Bangladeshi entrepreneurs abroad has declined in the last year after four consecutive years of growth. In 2018, the balance was 31.5 million dollars. Which was 6.2 percent less than the previous year. In 2019, the balance was 32 crore 36 lakh 30 thousand dollars. Which is 4.2 percent more than the previous year. In 2020, the balance was 32 crore 71 lakh 40 thousand dollars. Which is 1.1 percent more than the previous year. In 2021, the balance increased to 389.8 million dollars. Which is 19.2 percent more than the previous year. The status increased the most in that year. In 2022, the figure further increased to $400 million. Which is 2.6 percent more than the previous year. In 2023, the status will be slightly reduced to 38 million 48 million 40 thousand dollars. Which is 3.8 percent less than the previous year. This means that the investment position has declined for the first time after 2-18 years.

According to the information obtained from the report, in 2023, the highest investment from Bangladesh was 2 crore 23 million dollars in Hong Kong. 2 crore 81 million dollars came back from that country with profit. Profit came more than investment. India has invested 2 crore 11 million dollars, no profit came from the country last year. 89 million 10 thousand dollars went to the United Arab Emirates. No profit was made. 8.8 million dollars went to UK. 1 crore 31 lakh 20 thousand dollars returned with profit. 42 lakh 30 thousand dollars went to Nepal. Profit came to 7 lakh 10 thousand dollars. The total investment in the top 5 countries is 6.53 million dollars. Profit came to 4 crore 19 lakh dollars. 79 lakh 10 thousand dollars went to other countries. Profit came to 14 million dollars.

In 2023, the most capital invested abroad in the business of financial institutions was 62.9 million dollars. Out of this, 4 crore 32 million dollars came to the country. Among the investments, 89 lakh dollars went to the mineral sector, 4 lakh 40 thousand dollars to the chemical and pharmaceutical sector,

4 lakh 20 thousand dollars in trading sector, 2 lakh 30 thousand dollars in textile sector, 2 lakh dollars in metal and machinery sector, 80 thousand dollars in other production sector, 70 thousand dollars in service sector.

According to the report, Bangladesh is proceeding very cautiously in terms of foreign investment. In September 2015, the government amended the 1947 Act by adding a condition allowing foreign investment. Investment abroad can only be taken if there is sufficient dollar inflow against export earnings. At present, investments from Bangladesh have gone to more than 22 countries under that law.

So far 18 companies are investing abroad with the permission of Bangladesh Bank.