Japan’s top investors have pledged to increase investments in Bangladesh, marking a significant step in strengthening bilateral economic ties. This commitment by Japan’s leading business groups, including Mitsui and Mitsubishi Heavy Industry, will boost trade relations and support Bangladesh’s economic growth.

During the meeting, representatives from Japan’s leading business groups—NEXI (NIPPON), Mitsui, Marubeni, HSBC, Mitsubishi Heavy Industry, and JT—discussed strengthening economic ties between the two countries.

Bashir Uddin urged Japanese investors to expand their presence in Bangladesh, emphasizing the importance of Japan’s investments in Bangladesh as a driver for further economic growth.

Highlighting the growing economic relationship between Bangladesh and Japan, the commerce adviser said that bilateral trade volume currently stands at approximately $4 billion.

He emphasized that Japan is one of Bangladesh’s top five export destinations and noted that more than 350 Japanese companies are currently operating in the country.

“Japan is an extremely important strategic partner for Bangladesh. We take great pride in our relationship, as Japan remains one of our closest friends and a major development partner,” said Bashir Uddin.

He encouraged the Japanese delegation to consider importing more products from Bangladesh, along with hiring skilled Bangladeshi workers to enhance economic collaboration.

In response, the representatives from Japan’s top business groups assured their continued business engagement in Bangladesh and committed to increasing investments in Bangladesh.

The meeting was attended by Bangladesh’s Ambassador to Japan, Md Daud Ali, JETRO representative Iuji Ando, JICA representative Yasuyuki Murahashi, and Bangladesh’s Commercial Counsellor in Japan, Morarji Desai Barman.

Later, Sheikh Bashir Uddin also held discussions with Miki Watanabe, chairman of Watami Group, further exploring avenues for economic cooperation.

_{Source: The Business Standard}