http://www.newagebd.com/2009/jul/03/busi.html#7
Bangladesh-Japan joint venture launched
Staff Correspondent
A new business, jointly ventured by businessmen from Bangladesh and Japan, has been launched with initial focuses on information technology, energy saving equipment and preservatives.
BJ International Company (Private) Limited launched its business on Wednesday night at a local hotel in presence of a minister, bureaucrats, businessmen and leaders of different trade bodies.
Initially, the company would emphasise on video communication and video security technologies, low price internet protocol, power saving LED (Light Emitting Diode) lamp and natural preservative to help preserve fruits and vegetables.
The company will gradually extend their businesses to health sector including construction of hospitals and clinics and manufacturing and sales of medicine and healthy food.
Mustafijur Rahman, managing director of the company, told New Age that it would take about 2-3 months to make their products available to the customers.
About the amount of investment in the business, he said, ‘I do not want to specify any figure. All I can say that we have just started with initial investment of $200,000.’
However, Mustafijur, an expatriate in Japan for over two decades, said that the Japanese financiers had huge investment capability. ‘It will not be a problem to invest thousands of crore of taka. Once, we get settled money will keep coming.’
The financiers, who are also president and vice president of the company, are involved in IT and medicine businesses in Japan, he said.
The managing director said that his company is capable to make huge contribution to the country’s telecommunication infrastructure.
About investment in the health sector, he said, ‘Hopefully, within next 6-12 months we will be able to undertake projects to make hospitals and clinics of world standard.’
Jun Tsutsumida, the president of the company, told the launching ceremony that the profits made from the businesses would not be taken to Japan rather it would be invested in Bangladesh.
He said that the use of LED lamp would greatly help the power scarce Bangladesh as the lamp consumes only half of the power that a fluorescent lamp burns. It costs less than the fluorescent lamp but lasts 7-8 times more, he added.
Jun said the state-of-the-art digital security system would provide foolproof security to establishments where it is installed. By installing the internet-based security system, one can even monitor what is happening in one’s establishment from anywhere, he said.
He said that video communication technology will facilitate videoconference and easy and fast transfer of video data. It will greatly benefit the television channels and other organizations transmitting video data.
Speaking as chief guest, the minister for posts and telecommunications, Razi Uddin Ahmed Razu, welcomed the initiative and assured government cooperation.
The Federation of Bangladesh Chambers of Commerce and Industry president, Annisul Huq, and the Dhaka Chamber of Commerce and Industry president, Zafar Osman, also assured their cooperation to the newly-launched company.
