Japan’s multi-billion dollar investment hands-on

Textile villages are being set up in Mirsarai Economic Zone, the country’s largest economic zone. This village is specially aimed at supporting the growing textile sector to meet the needs of the garment sector.
Meanwhile, there is a possibility of billions of dollars of Japanese investment in various sectors in Bangabandhu Industrial City. Instead of China and Vietnam, Japanese investors are leaning towards Bangladesh. The Japanese government is also encouraging its traders to move out of China-Vietnam and towards Bangladesh. Investors are eyeing Bangladesh, especially after the high cost of labor as well as the massive losses in China due to the Corona epidemic. In this case, Mirsarai Economic Zone is at the top of the list. If all goes well, the concerned people are hoping that the investment of hundreds of millions of dollars from Japan will come to Bangladesh soon.
A top official of the Bangladesh Economic Zones Authority (BEZA) said multi-faceted activities are underway on about 30,000 acres of land in the coastal areas of Mirsarai, Sitakunda and Feni, the country’s largest economic zones. Beja is working for the development of this economic zone called Bangabandhu Industrial City. Various industrial groups have allotted hundreds of acres of land from Bejar. Many leading domestic and foreign companies have started building industrial establishments here. Following this, BKMEA has recently taken initiative to set up a separate textile village in this zone. A BKMEA delegation met Bazar Chairman Pawan Chowdhury and expressed their interest. BKMEA wants to build a village on at least 500 acres of land. BGMEA has already allotted 500 acres of land. Where a garment factory will be set up. If investment is made in the garment sector as well as the textile sector, both sectors will benefit. The concerned people think that it will have a positive impact especially in various fields including transportation of raw materials.
According to sources, several Japanese companies have already allotted land in the Mirsarai Economic Zone. They are interested in investing billions of dollars. Mentioning that the Japanese government is encouraging Japanese investors to invest in Bangladesh, a source said that it has started to be considered as a blessing for Bangladesh which did not suffer any major losses during the Corona period. Japan also sees Bangladesh in the same light.
Japan has hundreds of investors in China and Vietnam. Not only in China and Vietnam, but also the wages of workers. The cost of production goes up when you buy expensive labor. This is reducing their profits as well as making it difficult for them to compete in the international market. But cheap labor is still available in Bangladesh. Considering the issues, Japanese businessmen who have invested in China and Vietnam are being encouraged to move to Bangladesh. For Japanese investors, the process of building a special industrial city on at least one thousand acres of land in Araihazar upazila of Narayanganj is underway; So Japan is expected to invest two trillion dollars.
A top official of Bejar said that Japan has invested billions of dollars in various countries including China, Vietnam and Taiwan. If a part of these investments can be brought to Bangladesh, then the economy will accelerate. Commenting on the rich textile industry of Japan, the concerned people say that there is potential for Japanese investment in this sector as well.
Beja Chairman Pawan Chowdhury said the government is doing everything it needs to do to enrich the Mirsarai Economic Zone. He said investment proposals are coming to Mirsarai Economic Zone almost every day.

Source: দৈনিক আজাদী by dainikazadi.net.

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