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South Asian Update
South Asian Update

South Asia

Japan wants to invest several sectors of Bangladesh

 Published: 09:38, 9 February 2023

Japan wants to invest several sectors of Bangladesh

Japan wants to invest in several sectors of Bangladesh, including the sugar industry, biomass power generation, and prepaid gas meter industry.

Governor of Japan Bank for International Cooperation (JBIC) Nobumitsu Hayashi expressed the interest when he paid a courtesy call to Bangladesh's Prime Minister Sheikh Hasina at the latter's official residence Ganabhaban in Dhaka on Thursday.
JBIC Governor Hayashi said Japan Bank for International Cooperation is keen to provide loans to Japanese entrepreneurs for making investments in these particular sectors in Bangladesh. 
Premier Hasina appreciated the offer-saying that one or two out of the country's 15 sugar mills can be made available to Japanese investors. PM said a prepaid gas meter factory can be built under a joint venture.
The prime minister Hasina said Japan is a trusted partner of Bangladesh, adding that the people of Japan have been standing by Bangladesh since the Liberation War in 1971.
'I am extending gratitude to Japan on behalf of Bangladeshi people, as Japan is still extending cooperation to us,' she said.
In this connection, she said that Bangladesh is implementing several mega-projects with Japanese support, which include Matarbari deep seaport, Matarbari coal-fired power plant, the Third Terminal of the Hazrat Shahjalal International Airport in Dhaka, Bangabandhu Rail Bridge over the Jamuna river and Dhaka Metro Rail project. 
Sheikh Hasina hoped, 'The existing bilateral relations between Bangladesh and Japan will be strengthened further in future.'
The JBIC governor Nobumitsu Hayashi described Japan as Bangladesh's development partner and vowed to contribute more to the country's development journey.

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