Japanese trade body eyes more investment in Bangladesh
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Ando, also president of Japan-Bangladesh Chamber of Commerce, requested the federal government to boost investment climate in the united states in favor of Japanese companies
Around 50 Japanese companies will arrive in Bangladesh annually with investment plans, provided the investment environment remains congenial.
Country representative of Japan External Trade Organization (Jetro) Yuji Ando on Wednesday made the remark while exchanging views with some executive committee members of Economic Reporters Forum (ERF) at the ERF office in the capital, said a news release.
Ando, also president of Japan-Bangladesh Chamber of Commerce and Industry (JBCCI), requested the federal government to improve investment climate in the united states in favor of Japanese companies.
He said 310 Japanese companies are actually in Bangladesh and Japan investment is just about $3 billion.
Highlighting the friendly relationship with Bangladesh, the Jetro chief said that collaboration with ERF may help improve investment climate for the investors.
Yuji Ando said there are lots of challenges remain for Japanese companies and other foreign companies in Bangladesh, citing examples of infrastructure and taxation.
Discussing a question on relocation of Japanese companies from China, the Jetro country representative said it is practically not like it's been reported due to scope of business in China.
He, however, said there is still scope of coming of Japanese companies though Asean countries are receiving priority regarding relocation.
Citing exemplory case of a Jetro gross annual study, Yuji Ando said 70% Japanese companies here want to expand their investment which is highest among other countries.
He mentioned a number of bottlenecks in the way of smooth investment, but he expressed his willingness to get further.
"It ought to be a win-win situation," he added.
ERF President Saiful Islam Dilal, General Secretary S M Rashidul Islam, AFP bureau chief M ShafiqulAlam, former Reuters Bureau Chief Serajul Islam Quadir and other EC members also spoke. Media Professional Group CEO Somor Roy were also present.
Source: https://www.dhakatribune.com
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