DHAKA: The foreign direct investment (FDI) in the country fell in the 2013-14 fiscal year, 10.2 percent down from the same period a year ago.

According to the Bangladesh Bank data, net FDI in Bangladesh stood at 1,550 million US dollars in the 2013-14 fiscal year ( July 2013-June 2014), reports globalpost.com

The figure was 1,726 million US dollars in the previous 2012-13 fiscal year from July to June, the central bank data showed Sunday.

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.

BDST: 1559 HRS, SEP 01, 2014