Prime Minister Sheikh Hasina, would make Bangladesh a regional center for investment, industrialization, and export. She also called for more Japanese investment in greater volumes.
With a population of 170 million, Bangladesh is a developing market in and of itself, and the proximity to a larger market with approximately three billion consumers makes it very attractive for business growth.
By 2030, Bangladesh is anticipated to surpass the UK and Germany to become the ninth-largest consumer market in the world, according to the HSBC Global Research Projection report, she said.
Effective therapies and measures in Covid-19 time. Our economy has proven to be quite resilient, has continued to thrive, and is still able to withstand pressure from the unstable global economy and supply-side limitations. In the fiscal year 2021–2022, Bangladesh maintained its economic development and increased its GDP by 7.1 percent. We forecast 6.5 percent for the current fiscal year notwithstanding the conflict in Ukraine.”
Hasina noted that prospects have grown significantly in a variety of industries, including heavy industry, chemical and fertilizer production, SMEs, ICT, electronics, infrastructure, leather, textile, hospitality, and tourism.
“Our government is doing everything it can to facilitate smooth, easy and efficient ways of doing business,” she said.
The event themed “Trade and Investment Opportunities between Bangladesh and Japan” was jointly organized by the Bangladesh Securities and Exchange Commission and the Bangladesh Investment Development Authority.
Bangladesh calls for Japanese investment to fuel regional hub ambitions
Hasina listed a range of sectors offering potential, including ICT, electronics, infrastructure, leather, textile, hospitality and tourism, heavy industry, chemical and fertiliser, and SMEs. To facilitate investment, Bangladesh has built 100 economic zones, hi-tech and software parks, and offers a range of agencies and frameworks. The prime minister also called for the Public Private Joint Economic Dialogue to be used to expand bilateral trade and investment, and to value the 50 years of collaboration between Bangladesh and Japan.
“Since Bangladesh is going to graduate from LDC status by 2026, we are working with Japan to make possible an Economic Partnership Agreement to expand bilateral trade and investment,” she said.
Hasina has urged for appreciating the 50 years of bilateral relations between the two nations and elevating economic and investment ties between Bangladesh and Japan.
The prime minister declared that she highly valued Japanese businessmen’s opinions and has taken heed of their advice.
“The Bangladesh embassy in Tokyo is ready to cooperate and facilitate your ventures in Bangladesh. Please come to Bangladesh to explore the potential of business and investment opportunities waiting for you,” she said.
Roadshow in Tokyo to Attract Non-Resident Investors and Foreign Investment in Bangladesh
The Bangladesh Securities and Exchange Commission (BSEC) and the Bangladesh Investment Development Authority (BIDA) are organizing a roadshow in Tokyo today to attract non-resident Bangladeshi investors in Japan and foreign investment in Bangladesh. The event, titled “The Rise of the Bengal Tiger: Potentials of Trade and Investment in Bangladesh,” is being attended by Prime Minister Sheikh Hasina as the chief guest. The roadshow aims to build sustainable growth partnerships between Bangladesh and Japan, bringing together dignitaries, delegates, investors, and business leaders from both countries, including government authorities and business leaders from various sectors.
Bangladesh PM urges Japanese business leaders to explore investment opportunities
Bangladesh’s Prime Minister Sheikh Hasina has called on Japanese business leaders to explore the opportunities for investment and business in Bangladesh. During her interaction with selected CEOs at a hotel in Tokyo, Hasina highlighted Bangladesh’s efforts to improve the business environment and provide a level playing field for foreign investors. She also mentioned the increasing trend of Japanese companies operating in Bangladesh and the significant growth in bilateral trade between the two countries, crossing the USD 4.0 billion milestone for the first time. Hasina assured Japanese businesspeople of her government’s willingness to help and facilitate their ventures in Bangladesh, emphasizing the country’s potential as a highly lucrative location for investment.
