68% of Japanese firms operating in Bangladesh keen to expand business: JETRO

Over 68 percent of Japanese companies operating in Bangladesh want to expand their business in the country, according to the Japan External Trade Organization (JETRO). 

Country Representative of JETRO Yuji Ando revealed the information at a knowledge sharing session on “Welcoming Investment from Japan, Lessons for Bangladesh, From the experience in India” at the Bangladesh Investment Development Authority (BIDA) headquarters in the city, said a news release. 

BIDA Executive Chairman Lokman Hossain Miah and BEZA Executive Chairman Shaikh Yusuf Harun attended the session as special guests while Executive Vice President of JETRO Kazuya Nakajo was the guest of honour. Chief Director General of JETRO Takashi Suzuki delivered the keynote speech. 

While presenting the activities of JETRO, Ando said that the amount of Japanese investment is steadily increasing every year. 

Currently, 338 Japanese companies are running business in Bangladesh through JETRO, he added. 

Kazuya Nakajo said Japan is one of the biggest development partners of Bangladesh and will continue to be so. 

At the same time, he suggested taking initiative to increase the credit rating of Bangladesh to make investors more interested. 

Lokman Hossain Miah said the investment of Japanese companies is increasing day by day due to the favourable investment environment in the country.