Bangladesh 15th best investment destination

http://www.thedailystar.net/newDesign/news-details.php?nid=169083

JBIC Ranking
Bangladesh 15th best investment destination
Unb, Dhaka

Bangladesh has ranked 15th in an international rating among the investment-potential countries for the foreign investors and businessmen in 2010.

The country has made tremendous progress within a short span of time as it was in the 28th place in the 2009 ranking.

This was revealed in a survey conducted by International Research Office of Japan Bank for International Co-operation (JBIC).

JBIC Residential Executive Officer of Asia and Oceania Region Ryuichi Kaga disclosed this when he called on Industries Minister Dilip Barua at his residence yesterday morning.

During the meeting, Ryuichi said Japanese entrepreneurs are willing to shift their export-oriented industries from Japan to Bangladesh.

“Japanese entrepreneurs are also very much keen to invest in hi-tech textile, IT, railway and road infrastructure sectors in Bangladesh,” he said.

About the country’s Industrial Policy-2010, Ryuichi said that as the industrial policy has created a scope for local and foreign entrepreneurs to investment under direct investment, joint venture and Public Private Partnership, Bangladesh will achieve rapid investment growth in near future.

He informed that Japanese investors have given special emphasis on setting up Japanese special industrial zone in Bangladesh.

Bangladesh will welcome Japanese investors as a long-time development partner of the coutnry, industries minister said.

The government has been providing various supports including tax holiday, visa facility, work permit and cash incentives for the foreign investors, he added.

The minister urged the Japanese entrepreneurs to invest in various sectors including setting up fertilizer factory, developing road and rail network, setting up environment friendly shipyard and ICT sector in Bangladesh.

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