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dhaka, Dec 29 (bdnews24.com) Japan has decided in principle to set up space industry in Bangladesh. Japanese ambassador to Bangladesh Shiro Sadoshima told this to environment and forest minister Hasan Mahmud when she called on him at his Secretariat office on Thursday, said an official release. The Japanese envoy told the minister that Japan is keen to set up a heavy industry in Bangladesh to manufacture instruments that are used in the spaceships, including all types of devices required to launch satellites in the space. The Japanese government will observe the 40th anniversary of its diplomatic relationship with Bangladesh in March 2012 and a weeklong function will be organised in this regard, the ambassador told the minister. Mahmud praised the initiative and requested the Japanese government to raise its investment in Bangladesh. In response, Sadoshima said the Japanese investors will attend the weeklong function marking the 40th anniversary of Japan-Bangladesh diplomatic relationship. The environment and forest minister sought Japanese assistance in Bangladesh Climate Change Resilience Fund (BCCRF), formed to combat the risks of climate change, installation of Japanese industries in Rangunia EPZ (Export Processing Zone) and in construction of a tunnel under Karnaphuli river to connect the southern part of the Chittagong with the port city as well as to facilitate communication with Cox's Bazar. Sadoshima assured of ample Japanese assistance.