BD may seize opportunity as Japanese firms plan relocation: Japanese envoy

Bangladesh may grab the opportunity maintaining the business competiveness as some Japanese firms are intending to relocate their business and searching new destinations for supply chain adjustments, said the Japanese ambassador in Dhaka.

Mr Ito Naoki made the remarks recently during his visit at BEPZA (Bangladesh Export Processing Zones Authority) Complex, Dhaka, reads a press release issued by BEPZA on Tuesday.

He thanked Bangladesh Export Processing Zones Authority (BEPZA) for providing best support and assistance to the Japanese investors of the EPZs.

He praised BEPZA’s role in attracting Foreign Direct Investment (FDI) to Bangladesh. He hoped to continue work closely for developing economic partnership between Japan and Bangladesh, which will encourage more Japanese investment in the EPZs as well as BEPZA Economic Zone.

Welcoming the ambassador at his office, the Executive Chairman of BEPZA, Major General S M Salahuddin Islam, said that BEPZA always gives priority to the business-related issues of Japanese investors to run their business smoothly.

He appreciated the high level of compliance, discipline and standard maintained in the EPZs by the Japanese investors.

He informed the envoy on various activities taken by the authority to combat the pandemic and tackle the adverse impact of Covid-19 on the businesses and industrial environment.

The executive chairman said BEPZA Economic Zone, currently being developed at Mirsharai of Chattogram, is expected to be operational by this year.

He requested Japanese investors through the ambassador to come forward and explore the potentiality of investment in Mongla, Uttara & Ishwardi EPZ and BEPZA Economic Zone.

After a briefing session, the executive chairman and the ambassador discussed on the various operational and policy related issues of Japanese investors.

Among others, Second Secretary of Economic Mission to the Embassy of Japan in Bangladesh Higuchi Masatoshi and Member (Investment Promotion) of BEPZA Md. Mahmudul Hossain Khan, Member (Engineering) Mohammad Faruque Alam, Member (Finance) Nafisa Banu, Secretary Md. Nabirul Islam,

Project Director of BEPZA Economic Zone Md. Hafizur Rahman, General Manager (Public Relations) Nazma Binte Alamgir, General Manager (Security) Lt. Col Taimur Saladin Kaikobad, Chief Engineer Md. Ashraful Kabir, General Manager (Investment Promotion) Md. Tanvir Hossain, General Manager (Enterprise Services) Naheed Munshi were present during this time.