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‘Bangladesh has to ensure suitable investment climate to attract Japanese companies’

Yuji Ando, Country Representative of Japan External Trade Organization (Jetro) said that 50 Japanese companies would come to Bangladesh every year to do business if they could improve the investment climate and further improve the infrastructure.

Japanese-companies-investment-Bangladesh
Figure: Around 70 percent of the Japanese companies are interested to increase their investment in Bangladesh.

He further added that about 310 companies have present in Bangladesh and they have invested about $3 billion here.

Around 70 percent of the Japanese companies are interested to increase their investment in Bangladesh. Now they just want an environment, which is friendlier towards Japanese companies. It can be a win-win situation for both countries.

The President of Japan-Bangladesh Chamber of Commerce and Industry Yuji Ando said that the number of Japanese factories to relocate from China will not be as many as has been predicted.

Keeping the Japanese factories in China, new production units will be established in other countries and the member countries of the Association of Southeast Asian Nations will get priority in case of factory relocation, Yuji Ando said.

He spoke while exchanging views with the executive committee members of the Economic Reporters Forum (ERF) at the ERF office in Dhaka. ERF President Saiful Islam Dilal, General Secretary SM Rashidul Islam, AFP Bureau Chief M Shafiqul Alam and former Reuters Bureau Chief Serajul Islam Quadir also spoke among others.

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