Investment climate attractive due to liberal fiscal policies: DCCI

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Investment climate attractive due to liberal fiscal policies: DCCI
Business Report

President of Dhaka Chamber of Commerce and  Industry (DCCI) Asif Ibrahim informed that the investment climate of Bangladesh is now more attractive with liberal fiscal policies comparing to the other South Asian countries. He invited investors of Japan to invest more in Bangladesh. Welcoming the new Japanese ambassador to Bangladesh, DCCI President said that the bilateral trade has been growing up between Bangladesh and Japan for the last several years. But the trade is always in favour of Japan that needs to be balanced through more import by Japan from Bangladesh, he urged.

New Japanese ambassador Shiro Sadoshima called on DCCI President Asif Ibrahim and its Board members on Thursday at DCCI. Counsellor Masayuki Taga and First Secretary Yasuharu Shinto of the Embassy of Japan were also present during the meeting.

DCCI President called upon Japan to take more skilled and semi-skilled manpower from Bangladesh. Bangladesh market is one of the choicest countries for Japanese entrepreneurs to invest and relocate their businesses, he said. He expected more Japanese investment in agro-based industries, ICT sector, backward linkage of RMG, composite textile infrastructure, construction, automobile, transportation, electronics, iron and  steel, jute and  fibre sector of Bangladesh in joint ventures or with 100pc ownership. He also called upon Japan to import Frozen Foods, Leather, Jute Goods, Knitwear, Woven Garments etc. from Bangladesh.

Japan ambassador Shiro Sadoshima said that Japan is willing to strengthen bilateral trade and enhance Japanese investment in Bangladesh. Japan will co-operate Bangladesh for the economic development, he informed. He stressed on more interaction and information sharing among the businessmen of both the countries to be acquainted more with each other. He also highlighted on the glorious part of Bangladesh culture which he thinks is a good branding of Bangladesh to Japanese people.

DCCI Directors M Bashir Ullah Bhuiyan, Waqar Ahmad Choudhury, Khairul Majid Mahmud, M Abu Horaira, former Director Haider Ahmed Khan, FCA, Convenors Iftekhar Uddin and Abul Hossain took part in the discussion.

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