Bangladesh now attractive FDI destination: Japanese envoy

Dhaka,  Sun,  24 September 2017
Published : 16 Aug 2017, 21:41:44
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Bangladesh now attractive FDI destination: Japanese envoy

Outgoing ambassador of Japan in Dhaka Masato Watanabe on Wednesday said Bangladesh has turned into an attractive destination for Foreign Direct Investment (FDI), reports BSS.

"The present government has initiated economic development under the leadership of Prime Minister Sheikh Hasina. For this, the country has become an attractive destination for FDI," he said while paying a farewell call on Industries Minister Amir Hossain Amu at the Industries Ministry in the city, said a statement.

During the meeting, they discussed various bilateral issues, including Japanese investment, technology transfer and relocation of Japanese factories to Bangladesh.

Informing about the establishment of Special Economic Zone (SEZ) for Japanese entrepreneurs, Amu said the Japanese businessmen can invest in the economic zone.

He suggested the Japanese envoy to encourage the Japanese entrepreneurs to come forward with investment in the economic zone, saying Bangladesh always gives priority to the Japanese investment.

The Minister said the government has taken all sorts of measures to ensure the highest security for the Japanese nationals in Bangladesh. He urged the Japanese envoy to relocate the closed Sony factories to Bangladesh from Malaysia as the trained workers of the country are capable of running the factory.

In reply, Masato Watanabe assured the minister of encouraging the Japanese entrepreneurs to invest in motor vehicle production industry in the country and import more Bangladeshi products.

Among others, Industries Secretary Muhammad Abdullah and Bangladesh Chemical Industries Corporation (BCIC) Chairman Shah Md Aminul Haq were present at the meeting.
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