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Bangladesh showcases investment potential to Japanese businesses
Bangladesh has showcased its growing economic strength, investment-friendly business climate and sector-specific opportunities to Japanese investors at a business seminar in Tokyo, highlighting IT, industry and skilled workforce as key drivers of future cooperation.
The "FEC-Bangladesh Business Seminar" was jointly organised by the Foreign Economic Cooperation Council and the Bangladesh Embassy in Tokyo, with participation of leading Japanese business leaders and investors, according to a press release received here today.
Addressing the seminar, Bangladesh Ambassador to Japan Md. Daud Ali said Japan has long remained one of Bangladesh's most trusted development and economic partners.
He said the establishment of the Araihazar Japanese Economic Zone marked a significant milestone in the enduring friendship and economic partnership between the two countries.
Highlighting Bangladesh's investment potential, the ambassador identified information technology, light engineering, pharmaceuticals and food processing as highly promising sectors for future Japanese investment.
He said Bangladesh's young and skilled workforce, strategic geographic location and sustained economic growth over the past decade have opened up new opportunities for Japanese investors.
He added that the government's reforms in infrastructure development, industrialisation and connectivity have significantly enhanced investor confidence.
FEC president at the event, Ken Matsuzawa described Bangladesh as an important partner for Japan in South Asia and expressed optimism that such business forums would further strengthen bilateral economic ties.
Bangladesh Embassy Counsellor Mohammad Safiul Azam made a presentation on Bangladesh's investment incentives and commercial prospects.
He said Bangladesh is currently the world's 33rd largest economy and has the potential to become the ninth-largest consumer market by 2030.
He also informed participants that Bangladesh offers attractive incentives for foreign investors, including one-stop services, special economic zones, tax exemptions, investment protection and opportunities for 100 percent foreign ownership.
During the interactive session, Ambassador Daud Ali invited Japanese companies to tap Bangladesh's skilled workforce, saying the country could play a meaningful role in addressing labour shortages in Japan.
The Bangladesh Embassy also assured Japanese businesses and investors of its full cooperation, reports BSS.