Tuesday, 31 January, 2023

FBCCI urges Japan to launch automobile factories

  • Special Correspondent
  • 26 January, 2023 12:00 AM
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FBCCI urges Japan to launch automobile factories
FBCCI President Md Jashim Uddin presents a souvenir to JETRO President Kazushige Nobutani during his visit at FBCCI office in the capital on Wednesday.

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Bangladesh’s apex trade body FBCCI said Bangladesh would welcome the Japanese investors if they set up automobile factories in the country.

Federation of Bangladesh Chambers of Commerce and Industry (FBCCI) president Md. Jashim Uddin said the body could work closely with the Japanese entrepreneurs in this regard.

He made the remarks during a courtesy meeting with the Japan External Trade Organisation (JETRO) delegation on Wednesday. JETRO president Kazushige Nobutani led the delegation.

Md. Jashim Uddin said, “The Bangladesh people love Japan, and there is a huge demand for Japanese products in the country, especially for automobiles.”

He pointed out, “On the streets, you can see various Japanese cars, everywhere in Bangladesh. Japan can come forward to exploit this vast business potential in Bangladesh.”

“The Japanese investors can grab this market by setting up automobile factories in Bangladesh,” the FBCCI boss said.

He stressed, “Setting up factories can be beneficial for both the countries as the price of the products will become relatively low.”

The FBCCI president said, “Bangladesh has huge potential. We are now on our way to a trillion-dollar economy. In order to achieve this target, Bangladesh is going through policy and strategic transformations.”

“The government and the private sector are also working together to facilitate trade and business.”’

Md. Jashim Uddin informed the JETRO delegation about the Bangladesh Business Summit which is going to be organised in March this year on the occasion of the 50th founding anniversary of the FBCCI.

He mentioned that the FBCCI is expecting active participation from the Japanese side.

The FBCCI president said, “Bangladeshi entrepreneurs are interested in expanding trade with Japan. They have emphasised setting up eco–friendly and compliance industries.”

“Technology transfer among both countries is essential to ensure sustainable industrialisation,” he added.

JETRO President Kazushige Nobutani congratulated the FBCCI on its 50 years of establishment.

He wished for the grand success of the Bangladesh Business Summit.

“Both Japan and Bangladesh have been working closely for a long time. The trade relations between the two countries will be accelerated through business-friendly policies and strategies,” he said.

FBCCI Vice President Md. Amin Helaly, Secretary General Mohammad Mahfuzul Hoque, Advisor and Former Director Abdul Haque, Executive Vice President of JETRO Mayumi Murayama, Director General Satoshi Kubota, and other members of the delegation were also present at the meeting.