huge investment from Japan soon

A huge investment from Japan is expected soon to support and continue the ongoing development programmes in Bangladesh, finance minister AHM Mustafa Kamal said on Saturday.

It is learnt that some major giant companies of Japan like Sumitomo, Nippon Steel, Honda and Soujit will invest huge amount of money on different sectors in the country for the continuation of the ongoing development.

“These companies have already started investing in small scale in Bangladesh at various economic zones. Being satisfied the key investors have agreed to expand further and invest in bigger size. In this regard, representatives of two countries will sit to decide on the investment amount soon,” the minister told reporters at a press conference held at the National Economic Council (NEC) conference room in the city’s Agargoan area on Saturday.

A Japanese delegation led by Ambassador to Bangladesh Naoki Ito held a meeting with the finance minister. Prime investors of Japan were also present at the meeting. “Japan is our oldest and tested friend. The relation between Bangladesh and Japan become good since the time the country’s Father of Nation Bangabandhu Sheikh Mujibur Rahman established. Now his daughter Prime Minister Sheikh Hasina’s regime, Japanese investors are keen to invest big amount in the country to develop it,” Kamal said.

“Infrastructure of Bangladesh is alright. Representatives of two countries will sit to fix the amount of investment margin for the development programmes,” he added.

Prime Minister Sheikh Hasina has taken several initiatives to invest more in the country from Japanese investors. The biggest investment will come from Japan under Sheikh Hasina regime, the minister added. Japan is investing several mega projects like---Metro Rail Service and1200 megawatt coal-fired power plant at Moheshkhali. Japanese investors have expressed satisfaction over the progress of ongoing development, Kamal said.

About the economic zones, the minister said the government will build separate Japanese Economic Zones on 1000 acres of land at Araihazar in Narayanganj. So the investment will be increased for good atmosphere, he added.Japan will invest big projects. The government has assured the investors to assist them for implementing their investment properly, the finance minister said.

Japanese ambassador Naoki Ito said Japanese companies will invest more to keep up the continuation of growth. Japan will stand beside Bangladesh for the economic and commercial developments, he also said. Among others, Chairman of National Board of Revenue (NBR), Mosharraf Hossain Bhuiyan, Secretary of Finance Ministry Abdul Rouf Talukder, Secretary of Economic Relation Divisions (ERD) Monowar Ahmed and representatives of Japanese companies were also present at the meeting.