November 27, 2020, 2:30 pm

Staff Correspondent

2020-10-07 19:27:49 BdST

50 Japanese companies arrive in Bangladesh every year with investment plans

Growing interest of Japanese companies to invest in Bangladesh is increasing with around 50 companies arriving here every year with investment plans.

Japan External Trade Organisation (JETRO) Country representative Yuji Ando said this while exchanging views with some executive committee members of Economic Reporters Forum (ERF) at ERF office on Wednesday.

He said 70 percent Japanese companies, surveyed by JETRO under its annual programme last year, showed interest in expanding investment in the country which is highest among other countries.

Japan External Trade Organisation (JETRO) Country representative Yuji Ando

Mr Ando, also President of Japan-Bangladesh Chamber of Commerce, however, stressed on improving investment climate in favour of Japanese companies in Bangladesh by focusing on issues of infrastructure and taxation, among others.

Some 310 Japanese companies are now working in Bangladesh investing around $3.0 billion, he said adding that many wants to invest on consumer goods.

But the JETRO chief said there are many challenges still exist for Japanese companies and other foreign companies in Bangladesh which are needed to address.

The JETRO chief expressed his willingness to work in collaboration with ERF for improving investment climate in the country.

ERF President Saiful Islam Dilal, Secretary Rashedul Islam, AFP Bureau Chief M ShafiqulAlam, former Reuters Bureau chief Sirajul Islam Quadir and other EC members were present.

Media Professional Group Chief Executive Officer Somor Roy was also there.

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