Japanese companies urged to set up factories in Bangladesh

Bangladesh's Ambassador to Japan Md Daud Ali has said that investment in Bangladesh through technology transfer and establishing factories would bring mutual benefits for both Bangladesh and Japan, reports BSS.

He made the remark when a four-member delegation from AEON Co. Ltd., one of Japan's largest business conglomerates, met the Ambassador at the Bangladesh Embassy in Tokyo on Friday, according to a message received on Sunday.

The delegation briefed the envoy on their recent business visit to Bangladesh. The delegation praised Bangladesh's infrastructural development and expressed interest in investing in promising sectors of the country.

The Ambassador highlighted Bangladesh's export potential beyond readymade garments, noting that Bangladesh is a strong source of frozen fish, vegetables, processed foods, leather goods, handicrafts and other products. He said the government's initiatives to expand trade, Bangladesh's comparative advantages, and its growing capabilities in the IT sector.