Hasina wants more Japanese investment in Bangladesh
May 29th, 2019 at 11:52 am
Hasina wants more Japanese investment in Bangladesh

Dhaka – Prime Minister Sheikh Hasina has called upon the Japanese businesses to explore the prospects in Bangladesh’s export oriented sector and exploit the business-friendly atmosphere through investment.

Hasina, now in a four-day visit to Japan, made the call at a meeting with the Japanese business leaders in Tokyo, according to state-run Bangladesh Sangbad Sangstha news agency.   

“I would call upon you to explore new areas of investment in export oriented sectors in Bangladesh,” Hasina told a round-table meeting organized by Bangladesh-Japan Business forum.

CEOs of Japanese firms attended the meeting at a hotel.

The Prime Minster said Bangladesh wants diversification of products being made in Bangladesh.  

She said she wants more engagement between Japan and Bangladesh through businesses and trade. Hasina said Bangladesh is one of the fastest emerging countries with highly competitive location for investments in terms of cost, human resources, size of domestic market, access to international markets, trade facilitation and investment protection.

Hasina welcomed Japan Tobacco, which invested 1.4 billion dollars last year in Bangladesh saying her government wishes more such investment from Japan.

Mentioning the private sector as the main engine of Bangladesh’s economy, she said, “We attach top priority to entrepreneurship development and private investments, both domestic and foreign.”

Japanese companies are showing interest to do businesses in Bangladesh and these companies are also involved in various infrastructure development projects besides the trade, Hasina said adding Bangladesh has been establishing 100 Special Economic Zones throughout the country.

One of them is exclusively for Japanese investors at Araihazar, near Dhaka, she said.