Bangladesh now an ideal place for investment

Envoy tells a seminar with the Japanese investors

Staff Correspondent

4 July, 2021 12:00 AM printer

Bangladesh is now an ideal place for investment as the country has started achieving different development goals, said Bangladesh Ambassador to Japan Shahabuddin Ahmad.

“Supported by farsighted leadership of Prime Minister Sheikh Hasina, Bangladesh has advanced in many development indicators,” said Shahabuddin while speaking to Japanese investors at a seminar on Wednesday. 

“It has already been recommended by the UN Committee for Development Policy (CDP) for LDC graduation,” he cited the milestone as an example.

He added, “Bangladesh has now been an ideal destination for investment, trade and skilled manpower for the developed countries including Japan.”

Bangladesh Embassy in Tokyo orgainsed the seminar, intended to boost Japanese investment in Bangladesh, said a release.

Highlighting Bangladesh’s financial and non-financial incentives offered to foreign investors as well as efforts for improving business climate, the envoy said, “Bangladesh is establishing 100 economic zones across the country, of which, one is dedicated for Japanese investors.”

He urged the Japanese businessmen and investors to invest in information technology, garment industry, leather sectors in Bangladesh.

He highlighted Japan's involvement in various mega projects in Bangladesh and expressed gratitude to the Japanese government for its continuous support.

In the context of the decreasing population in Japan, the ambassador urged Japan's manpower recruiting agencies to recruit semi-skilled and skilled workers from Bangladesh.

Commercial Counsellor at the Embassy Dr Ariful Haque spoke about trade and investment opportunities in Bangladesh while Labour Counsellor at the Embassy Zakir Hossain discussed the development of human resources.

The event styled as “Bangladesh Seminar on Trade, Investment and Skilled Human Resources" was held at Granship: Shizuoka Convention and Arts Center in Shizuoka city.

Representatives from the Japanese business organizations and manpower recruiting organizations joined the event.

Seiko Yamabe, Deputy Director of South Asia Division at Japan International Cooperation Agency (JICA) spoke about Japanese investment in Bangladesh while a video presentation of Yuji Ando, Country Representative of JETRO Bangladesh was played. The event was also addressed by Hirotoshi Kano, Bureau Director at Economic Affairs Bureau, City of Shizuoka and Shimpei Sugiura, Executive Vice President at Japan International Trainee and Skilled Worker Cooperation Organization (JITCO).

KazuoTsubota, Senior Executive Director at International Manpower Development Organization, Japan (IM Japan), Keisuke Irako, Chief Director at Machida Hospital and a representative from Flair Co Ltd, Japan also attended the event.

The seminar was supported by JICA, Japan External Trade Organization (JETRO), Shizuoka, Shizuoka City Authority, UNIDO-ITPO Tokyo, JITCO, IM Japan and Flair Co., Ltd., Japan.

On 29 June, the Bangladeshi ambassador paid a courtesy visit to city mayor at the latter’s office.

He was warmly received by the Mayor of the Shizuoka City, Nobuhiro Tanabe and had a meeting with him.

The local Bangladeshi NRB community also offered a reception programme in honour of the ambassador later on the day.