Speakers at a business seminar on Monday invited Japanese investors to come up
with large investment projects in Bangladesh, including factories for Japan's
leading manufacturers, given that foreign investment is secured and highly
profitable in the country.
Japanese investors were also encouraged to set up
a special economic zone, like the Korean EPZ, either in Chittagong or North
Bengal by utilizing Bangladesh's business and investment-friendly environment.
Japan Bangladesh Development Authority (JBDA) arranged the seminar titled
"Investment Opportunities in Bangladesh", in honor of a visiting 30-member
Japanese business delegation including four Members of the Diet (the Japanese
Parliament) at Hotel Sheraton on Monday. Prime Minister's adviser HT Imam joined
the seminar as chief guest while Board of Investment Executive Chairman Dr SA
Samad presented the key-note paper.
FBCCI president AK Azad, Japanese
Ambassador in Dhaka Tamotsu Shinotsuka, Japan delegation leader and member of
parliament Akira Ishi, coordinator of JBDA Yamaguchi Chandan and other members
of the delegation addressed the seminar.
"We're ready to join business
jointly. You please set up special economic zones either in Chittagong or North
Bengal, what you have in other countries. We'll propose the government to
allocate land," FBCCI president AK Azad said.
He urged the Japanese
government to allow duty-free access to the Japanese markets to boost
Bangladesh's exports, and minimizing the trade gap between the two countries,
that now heavily tilts towards Japan.
Speaking as the chief guest, HT Imam
said: "Our hands are open. There is huge opportunity and wide areas to invest
here. We invite you here for both direct and joint investment."
Japan's cooperation since independence, HT Imam said Japan was the first
developed country which recognized Bangladesh's independence, and hoped that the
relationship between the two countries would stay on a firm-footing in future.
BoI executive chairman Dr SA Samad said Bangladesh is a winning combination
with its competitive business-friendly environment and cost structure, which can
grant investors a quick return. "Bangladesh has never defaulted in its debt
repayments, and it has never posted any negative growth over the last 30 years.
Bangladesh even has an outstanding records in human rights," Samad said.
said Bangladesh offers low-risk investment in infrastructure, and invited Japan
to a special economic zone under the PPP (Public Private Partnership) projects.
"It takes only 55 days and a nine-step procedure for any foreign business in
RAKUB board meeting to
work for bolstering agro-based economy
The Rajshahi Krishi Unnayan Bank
(RAKUB) on Monday vowed to work for bolstering the agro-based economy of the
country's northwest region through providing quality consumer services.
Besides, the bank should render its services for increasing the qualitative
and quantitative credit flow towards the potential fields in the country's
northwest region for sustainable livelihood of the farmers.
highlighted in the 352nd meeting of the Board of Directors of the bank at its
board room here today with RAKUB Board Chairman Prof Dr Shah Naoaz Ali in the
chair. The meeting dwelt on how to make the bank's operational and commercial
activities more dynamic through strengthening the credit support for both farm
and non-farm prospective fields.
So, the farmers-friendly banking in the
specialized bank must be ensured for achieving cherished development of the
region after through the best use of its existing natural resources.
end, the RAKUB services must be reached to the doorsteps of the farmers to help
them derive benefits from the services side by side with making the services
free from all sorts of corruption and irregularities.
Jahangir Kabir Rana, Abdul Mannan, Dr Rustam Ali Ahmed and Yunus Ali and
Managing Director of the bank Pradip Kumar Dutta attended the meeting.
General Manager (Headquarters) of the bank Delwar Hossain Bhuiyan and
Council-Secretary Aminul Islam Khandaker were also present. The meeting reviewed
overall activities of the bank and took some important decisions relating to its
commercial and administrative matters.
The meeting laid emphasis on
intensifying the bank's activities to supplement the government's effort to
expand social safety net and ensure poverty reduction and food security side by
side with removing the seasonal monga, the sources said. "We have no way out but
to boost up agriculture production for more income generation and to reduce
dependence on import," said Prof Dr Shah Naoaz Ali adding that the RAKUB has a
vital role to play in this regard. Besides, he viewed that most of the
agricultural sectors and its sub-sectors especially poultry, fishery and
livestock could be enriched through extending credit to the sectors.