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Over 50 Japanese investors in town

BSS, Dhaka
Some 50 Japanese investors are now in Dhaka, some of them on invitation of BKMEA and BGMEA, now holding annual internationaltradefairs.
The visiting investors target exploration of new business and investment opportunities in Bangladesh.
This is the largest presence of the Japanese investors here at a time in last two decades, an official of the Board of Investment said, pointing to a growing prospect of Japanese investment.
Bangladesh Knitwear Manufactures & Exporters Association (BKMEA)
President Fazlul Hoque on sideline of the BKMEA trade fair at a city hotel welcomed the Japanese presence.
Haque also asked them to buy more merchandise and make associated investment in textile and knitwear sectors.
Bol Executive Chairman Dr SA Samad yesterday met with a 22-member Japanese investment team.
Bol Director for foreign Investment Jalal Hai said Japanese investment came in large volume to Bangladesh initially in the late 1980s and early 1990.
. Such investments slowed down later because of strikes and recurrent cyclones.
Japanese investors then refocused investments in China, Vietnam and some other East Asian countries that can provide higher profit with low production cost, Hai also said.
But as production cost has significantly increased in these countries they are trying to find new investment destination in which Bangladesh appears attractive, he added.
“The Japanese government also encourages investors to move to Bangladesh," he said, indicating the opening of a new chapter in the relation of both the countries dominated by more trade and investment.
In the wake of the global
economic recession, they are also refocusing their export markets to new areas like Japan, Hong Kong, South Africa and some such other countries, some officials of Bangladesh Garment Manufacturers and Exporters Association (BGMEA) said.
A BKMEA official said they visited Japan and Hong Kong twice to make sure their presence during the annual international trade fair now in progress.
Bangladesh is also trying to develop its production capacity and catch up with the design and fashion sensitive new markets like Japanese market, the official said.