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Japan is welcome to set up automobile industries in Bangladesh: FBCCI President


Dec 31, 2010
Japan is welcome to set up automobile industries in Bangladesh: FBCCI President


Press Release
25 January, 2023, 08:05 pm
Last modified: 25 January, 2023, 08:51 pm

Japan is welcome to set up automobile industries in Bangladesh: FBCCI President

Federation of Bangladesh Chambers of Commerce and Industries (FBCCI), the apex trade organisation of the country has urged the Japanese investor Japan External Trade Organization (JETRO) to set up automobile industries in Bangladesh.

FBCCI could work closely with Japanese entrepreneurs in this regard, reads a press release.

FBCCI president made this call during a courtesy meeting with the JETRO delegation on 25 January at the FBCCI Office, Dhaka. The visiting delegation was led by the President of JETRO Kazushige Nobutani.

Md Jashim Uddin said that the Bangladeshi people love Japan. There is a huge demand for Japanese products, especially automobiles. On the road, you can see various Japanese cars Everywhere in Bangladesh.

Japan can come forward to exploit the vast business potential in Bangladesh. The Japanese Investor can grab the market by setting up automobile factory in Bangladesh. Setting up factories can be beneficial for both of the countries as the price of the product will be relatively low, he added.

The FBCCI president said, "Bangladesh has huge potential. We are now on our way to a trillion-dollar economy. In order to achieve this target Bangladesh is going through policy and strategic transformation. The Government and the private sector are also working together to facilitate trade and business."

Md Jashim Uddin also informed the JETRO delegation about the Bangladesh Business Summit which is going to be organised in March this year on the occasion of the 50th founding anniversary of the FBCCI.

He mentioned that the FBCCI is Expecting active participation from the Japanese side. The FBCCI president said, "Bangladeshi entrepreneurs are interested in expanding trade with Japan. They have emphasized setting up eco–friendly and compliance industries".

Technology transfer among both countries is essential to ensure sustainable industrialization, he added.

JETRO President Kazushige Nobutani congratulated the FBCCI on its 50 years of establishment. He also wished the grand success of the Bangladesh Business Summit. Both Japan and Bangladesh have been working closely for a long time. The trade relations between the two countries will be accelerated through business-friendly policies and strategies, he added.

FBCCI Vice President Md Amin Helaly, Secretary General Mohammad Mahfuzul Hoque, Advisor and Former Director Abdul Haque, Executive Vice President of JETRO Mayumi Murayama, Director General Satoshi Kubota, and other members of the delegation were also present at the meeting.

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