NIPRO-JMI celebrates 12 years in Bangladesh

NIPRO-JMI, a concern of JMI Group which is a Bangladesh’s leading conglomerate in pharmaceuticals and medical device sector, has completed 12 years with NIPRO Corporation, a Japan-based leading global healthcare company.

To celebrate the 12-year journey, an event titled, “NIPRO-JMI Joint Venture: The trend setter of Japanese equity investment in Bangladesh’s healthcare sector” was held at a city hotel on Tuesday.

During this journey, five entities under NIPRO-JMI Joint Venture, has received $80 million (Tk 680 crore) foreign direct investment (FDI) from Japan, according to a statement.

The NIPRO-JMI Joint Venture started its business through manufacturing medical devices in 2011 and later expanded to healthcare services, pharmaceuticals and product marketing sectors, said speakers.

They also said that the manufacturing units under the NIPRO-JMI Joint Venture produce more than 100 types of healthcare products, including 25 that have been made in Bangladesh for the first time.

Addressing the event as chief guest, Home Minister Asaduzzaman Khan said, “In Bangladesh most of the medical devices are import-driven, while the JMI Group as the pioneer company not only producing but also exporting medical devices.”

Planning Minister M A Mannan, in his speech as special guest, said that the country’s development has been ongoing with a structured way.

Japanese Ambassador to Bangladesh ITO Naoki in his speech said, “In the coming 50-year, Japan will invest more in Bangladesh like in the last 50 years.”

JMI Group Founder and Managing Director Md Abdur Razzaq said, “We have skilled manpower and commitment to serve the nation. All that we need is high technology, equipment and investment support.”

Managing Director of NIPRO Corporation (Global Business Division) Tsuyoshi Yamazaki said, “Bangladesh is growing very fast and entered into the developing countries club. With a population of 170 million, we have wide opportunity to work for the development of Bangladesh’s Healthcare sector.”

JMI Group Chairman Md Jabed Iqbal Pathan, Swadhinata Chikitshak Parishad President Dr M Iqbal Arslan and Executive Director of NIPRO-JMI Medical Kunio (Kenny) Takamido also spoke at the event, while NIPRO Corporation (Global Business Division) Advisory Board Kazuo Wakatsuki, NIPRO Corporation (Global Administration Headquarters) Director Goichi Miyazumi and NIPRO Corporation (NIPRO Brand Strategy, Global Business Division) Operating Officer Noriyoshi Iwasaki, were present, among others.