The Financial Express

Amu seeks Japanese investment in automobile sector

| Updated: December 18, 2017 12:52:00

Honda set up a motorbike manufacturing plant last year Honda set up a motorbike manufacturing plant last year

Industries Minister Amir Hossain Amu has sought more Japanese investment for setting up automobile industries in Bangladesh.

"Japan can go for joint venture with the Bangladesh government in setting up automobile industries here," said Amu on Sunday when Japanese ambassador to Bangladesh Hiroyasu Izumi called on him at his secretariat office.

Bilateral issues such as Japanese investment in Bangladesh, technology transfer, shifting of different factories to Bangladesh from Japan came up for discussion during the meeting, said a report on BSS citing a release.

The industries minister said Honda has started working to set up a motorcycle production unit here jointly with the industries ministry and sought more investment in this sector.

Amu also acknowledged Japan’s involvement in economic development of Bangladesh by providing financial support for various projects and asked for investment6 in the automobile sector. 

He also urged Japan to invest in solar glass production industry in Bangladesh.

Japanese ambassador said Japan gives priority to socioeconomic development of Bangladesh because of the historic bilateral relations between the two countries.

Japan will continue its assistance for the development of Bangladesh, Hiroyasu Izumi said and urged the industries minister to take steps for the development of infrastructure for industrialisation.

Industries secretary Mohammad Abdullah, additional secretary Begum Parag, BCIC chairman Shah Md Aminul Haque and high official from Japan's embassy were present at the meeting.

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