“A JETRO survey found that in 2019, 70.3% and in 2018, 73% of Japanese companies are willing to expand in Bangladesh that remain the highest proportions in Asia and Oceania. The positive impacts of Bangladesh’s improvements in trading environment has also been mentioned by JETRO.” said BIDA Executive Chairman Md. Sirazul Islam, who chaired the discussion.
BIDA chief mentioned the close relationship BIDA has built with Japanese investors.
“We have implemented policy reforms based on the rational recommendations made by Japanese investors. BIDA provided fast track services for Japanese investors and employees, who had to return home because of the virus, so that their permits and licenses don’t expire. We have two dedicated desks for Japanese investors and provide speedy aftercare services to resolve any challenges.”
The Bangladesh is government is building a 1,000-acre exclusive economic zone for Japanese investors in Narayangan’s Araihazar in cooperation with Japan International Cooperation Agency (JICA), which will provide ready facilities for projects under agro-food, light engineering, chemical, automobile assembly, garments, pharmaceuticals etc.