BANGLADESHI minister seeks Japanese investment in textiles

Industries Minister Dilip Barua yesterday invited Japanese investors to invest in sectors such as textiles, leather goods, food processing and real estate. "We can ensure that all facilities will be provided to the Japanese companies," he said while exchanging views with a Japanese business delegation. The 23- member Japanese business delegation led by Kiyoshi Omori, who are here looking for business and investment prospects, called on the minister at his office yesterday. Mentioning the business agreement between Bangladesh and Japan, signed in 1998 , the minister said Japanese companies can invest, taking advantage of generous facilities for foreign investors. Japan can also help Bangladesh by transferring their technology here in building a Digital Bangladesh by 2021. "We will try our best to ensure security for the foreign investors and their capital in Bangladesh. Japanese companies can invest as Bangladesh might be the best location for future production due to low-cost and available labor force of the country," he said. Barua said the government would announce a new industrial policy to attract local and foreign investors in investing their capital and creating a more industry-friendly atmosphere in the country. "Bangladesh is a unique place for foreign investors as there is no political instability here now and an industry-friendly atmosphere is prevailing in the country. Foreign investors can invest their capital and earn profit easily," he said.