Araihazar economic zone to receive largest Japanese investment of Asia: Envoy

Bangladeshi Commerce Minister Tipu Munshi exchanging views with Japanese envoy Naoki Ito at his ministry at the secretariat in the city on Thursday.
Bangladeshi Commerce Minister Tipu Munshi exchanging views with Japanese envoy Naoki Ito at his ministry at the secretariat in the city on Thursday.
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Economic Reporter :
Japanese Ambassador to Bangladesh Naoki Ito on Thursday said the largest Japanese investment of Asia will come at the Japanese Economic Zone (EZ) at Araihazar under Narayanganj district.
The Japanese envoy made the remark while exchanging views with Commerce Minister Tipu Munshi at his ministry at the secretariat in the city.
Tipu Munshi said Bangladesh has a long-standing friendly trade and economic relations with Japan. “Japan is a big partner in the development of Bangladesh. Bangladesh has a lot of opportunities to increase its exports to Japan. Bangladesh wants to take advantage of this opportunity,” he added.
Calling for the continuation of the five-year trade facilities, the commerce minister said, 100 special economic zones are being set up across the country under the direction of Prime Minister Sheikh Hasina.
“Japan will benefit if it invests in these economic zones. Bangladesh has announced a package to provide attractive investment opportunities here. Bangladesh is a big market for Japanese made cars. It would be profitable for Japan to set up a car factory in Bangladesh,” he added.
Naoki Ito said Japan is thinking to set up an automobile factory in Bangladesh. “Japan will make a large investment in the Araihazar economic zone and this investment will be the largest in Asia,” he added.
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