68% of Japanese companies operating in Bangladesh plan to expand business

Some 68 per cent of Japanese companies operating in Bangladesh are planning to expand their business in the next two years, according to a survey of the Japan External Trade Organization (JETRO).

Country Representative of JETRO Yuji Ando revealed the information at a seminar on "Capital Market Investment for Japanese Investors in Bangladesh".

Eastern Bank Limited (EBL) and Dhaka Stock Exchange (DSE) jointly organised the programme in association with JETRO at EBL head office in Gulshan on Tuesday.

In his presentation, Ando also said that 65 per cent of Japanese companies operating here think that they would be able to make profit in 2022.

JETRO conducted the survey on "Business Condition of Japanese companies operating in Asia and Oceania with a focus on Bangladesh" recently, he said.

He also informed that currently, 320 Japanese companies are doing business in Bangladesh.

Addressing the programme, Prof Shibli Rubayat-Ul-Islam, chairman of the Bangladesh Securities and Exchange Commission (BSEC), urged the Japanese investors to invest in the capital market in Bangladesh.

Japanese ambassador to Bangladesh Ito Naoki praised the strong resilience of Bangladesh's economy during the Covid-19 pandemic.

He also emphasized that what Bangladesh needs to do is take care of the existing Japanese companies and if they are successful and enjoy a good investment climate and then they will be promoting Bangladesh as an attractive investment destination.

DSE Chairman Md Eunusur Rahman said Japan is giving support to big projects in Bangladesh. Now they can think of investing in the capital market as the return on investment is very high in this sector. "This will be a win-win situation for both the countries."

EBL Managing Director and Chief Executive Officer Ali Reza Iftekhar said to sustain Bangladesh's impressive economic growth trajectory, the capital market can play a key role to meet the long-term financing needs of the country.