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BSS-01
PM-JAPAN-BUSINESS-INVESTMENT
PM urges Japanese entrepreneurs to explore Bangladesh
TOKYO, May 29, 2019 (BSS) – Prime Minister Sheikh Hasina today called upon
the Japanese businessmen to explore new areas of investment in export
oriented sectors in Bangladesh by utilizing full potential of business and
trade relations between the two countries.
“We would, however, like to see diversification in our export basket. I
would call upon you (Japanese business people) to explore new areas of
investment in export oriented sectors in Bangladesh,” she told a Bangladesh-
Japan Business Forum roundtable with CEOs of Japanese enterprises being the
participants at a city hotel this morning.
The premier expressed her desire to elevate the business relations between
the two countries and people to people contact to a higher level by utilizing
the business and trade relations between Japan and Bangladesh.
Describing Bangladesh as the fastest emerging country for its highly
competitive location for investments in terms of cost, human resources, size
of domestic market, access to international markets, trade facilitation and
investment protection, the premier sought more Japanese investment in
Bangladesh.
“We welcomed the investment of 1.4 billion dollars made by Japan Tobacco
last year in Bangladesh. We wish to see more such investment from Japan,” she
continued.
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.”
Terming Japan as top export destination for Bangladesh in Asia, the premier
said that the Japanese companies are showing interest to do businesses in
Bangladesh and these companies are also involved in various infrastructure
development projects besides the trade.
In this context, she said, “We are establishing 100 Special Economic Zones
throughout the country, including one exclusively for Japanese investors at
Araihazar.”
She added: Bangabandhu Sheikh Mujib Shilpanagar in Chattogram has plenty of
land for establishment of Economic Zones under G2G basis and Public Private
Partnership model.
“We have also taken Moheshkhali-Matarbari Integrated Infrastructure
Development Initiative (MIDI) for Logistic hub, Power and Energy hub and
Water front Industry hub. Japan may support these initiatives,” she
continued.
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