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JBCCI for attracting more Japanese investors.

Japan-Bangladesh Chamber of Commerce and Industry (JBCCI) President Daisuke Arai on Monday urged the authorities concerned to take more initiatives for improving the country's business environment to attract more Japanese investors.

'There are 289 Japanese companies in Bangladesh and Dhaka has to work more on creating the business environment efficient," he said while speaking at the 15th Annual General Meeting (AGM) of JBCCI held at a city hotel on Sunday. Daisuke Arai presided over the function while JBCCI Secretary General Tareq Rafi Bhuiyan (Jun) conducted it. As many as 115 persons including members of JBCCI attended the AGM.

The First Secretary of the Embassy of Japan in Dhaka Takashi Shimokyoda also attended the event. Japanese Ambassador in Dhaka Hiroyasu Izumi sent his message to the AGM. During the function, Daisuke Arai introduced Yuji Ando who will become the next President of JBCCI after his departure in the last week of this month. In his speech, Hiroyasu Izumi said Japan and Bangladesh have celebrated the 47th anniversary of diplomatic relations between the two countries.

'The people of both of the countries have many things in common like the national flags, culture diversity and the mentality of bilateral friendship and cooperation to work in the private as well as in public sectors to grow together," he added. Moreover, JBCCI have awarded five members companies under five different categories in the event of "2nd JBCCI Business Excellence Award 2019.

The winning companies are: Walton Hi-Tech Industries Limited in manufacturing (large) category, Rieko Printing and Packaging (Private) Limited in manufacturing (SME) category, Conveyor Logistics Limited in Service Oriented (Large) category, New Vision Solutions Limited in service oriented (SME) category and Data Soft Systems Bangladesh Limited in innovation category. Another report adds: Japanese Prime Minister Shinzo Abe assured Sheikh Hasina of continuing to support Bangladesh in its efforts to graduate to a developed nation.

The two premiers held a joint news conference after a bilateral meeting and signing of $2.5 billion official development assistance in Tokyo in May, 2019.

'Prime Minister Abe has assured me that Japan will stand by Bangladesh and extend necessary support to reach its goal to become a developed country by 2041 as it by now has met all the criteria to graduate from Least Developed Country to Developing Country," Hasina said.

'We will work together for the development of Bangladesh and beyond and achieve a free and open Indo-Pacific region," Abe told the media. Hasina was given a guard of honour when she reached the Japanese Prime Minister's Office. Japan occupies a very special place in the hearts of the people of Bangladesh as "the level of commitment that Japan has been showing since our independence in 1971, is truly remarkable", she said. Japan is the single largest development partner of Bangladesh with $11.3 billion in ODA since independence. Bangladesh will spend the latest Japanese funds on key infrastructure projects such as the Matarbari Port Development project, Dhaka Mass Rapid Transit Development Project (Line 1), and Matarbari Ultra Super Critical Coal-Fired Power Project (V).

The Foreign Direct Investment Development Project (II), Energy Efficiency and Conservation Promotion Financing Project (Phase-2) will also get funds from the ODA.

'And it's reassuring to have Japan by our side always," Hasina said, thanking Abe for the signing of the new ODA deal.
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Publication:The News Today (Dhaka, Bangladesh)
Geographic Code:9JAPA
Date:Jul 2, 2019
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