Outgoing Japanese envoy says Bangladesh may witness jump in foreign investment

Thanks to regulatory reforms and fast-improving connectivity and infrastructure, massive foreign investment inflow is expected by Japan as Bangladesh transforms into an industrial hub for the region in a few years.

Outgoing Japanese Ambassador to Bangladesh Ito Naoki underlined this even as he opined Japanese companies will continue to look at Bangladesh as a frontier of investment.

Ito reportedly made the observation while interacting with a news daily even as he added the bilateral trade between Bangladesh and Japan was expected to reach US $ 20 billion by 2030 from around US $ 3 billion now.

It may be mentioned here Japan has emerged as one of the most potent apparel export destinations for Bangladesh where apparel export is reportedly expected to hover around US $ 2 billion at the end of the current fiscal year even if apex garment makers’ body in the country, the BGMEA wants to raise the same to US $ 10 billion by 2030, which the outgoing Japanese envoy reportedly felt is possible in the foreseeable future.