On the Investment Summit event which is held in Japan to showcase the economic potential of Bangladesh and strengthen the economic ties between the both countries, as they mark the 50th anniversary of their relationship.
Bangladesh urged Japan to make investments for that they will be benefited from in the future soon.
The Bangladesh Securities & Exchange Commission chairman Professor Shibli Rubayat-Ul-Islam explains from a graph presentation about the benefits from investments in Bangladesh.
Faster Economic Growth
Shock Absorbing Capability against Global Volatility
Favorable Monetary & Fiscal Policy and Investment Friendly Government
No Pre-Approval to repatriate investment with profit
A resourceful Blue Economy, Green for Investment
From another chart BSEC Chairman shows Bangladesh’s consumer market will be bigger than the UK in 2030 according to HSBC Global Research, which defines. Bangladesh is expected to see the fastest growth in its consumer market – that is, the population earning more than $20 per day in constant PPP terms – in the current decade.
Also added, Bangladesh is expected to overtake the UK and Germany and thus become the World’s ninth largest consumer market globally by 2030.
Women Empowerment in Bangladesh
In Bangladesh female literacy rate is 71.18% according to UNESCO, reserve quota has been created in judiciary, administrative and govt. Jobs, women entreprenuers in the finacial sector grew from 21,400 to 56,732 in six month from March to September in 2021. Government is arranging many training programs to empower women.
Top Japanese Investments in Bangladesh
JTI – acquired local conglomerate Akij Group’s tobacco business for approximately USD 1.5 billion in 2018 making it the single largest FDI in the Bangladesh private sector till date.
Honda – invented more than USD 27 million on buildings, equipment, facilities and a land area of 25 acres setting up a motor cycle manufacturing plant since 2018.
In June 2020, Japan East West Medical College Hospital was inaugurated, which is a 300-bed joint venture project between Ship Healthcare Holdings of Japan and Aichi Medical Group of Bangladesh.
Bangladesh: A perfect destination for Japanese firms
The latest survey of JETRO says that Bangladesh is the top choice for Japanese companies seeking to expand business in Asia.
Yuji Ando, Country Representative of the Japan External Trade Organization, expects the number of Japanese firms to double within the next 5 years.
The export ratio of Japanese companies operating Bangladesh is on top among Asia and Oceania countries as the ratio of exports to total sales by Japanese companies currently stands at 65.4%.
Number of Japanese companies in Bangladesh tripled over the last 10 years to hit 338 in 2022.
Garment export to Japan was US $ 1.1 bllion in 2021-2022 & expected to rise 10 fold to reach US $ 10 billion by 2030
At the same time BD’s imports from Japan will increase 5 fold to reach US $10 billion and as such bilateral trade will cross US $20 billion by 2030
