Published:  12:55 AM, 13 March 2019

Japan keen to invest in car industry


Japan has shown its interest to invest in the gasoline engine car manufacturing industry in Bangladesh.The information came yesterday when Japanese Ambassador to Bangladesh Hiroyasu Izumi called on Industries Minister Nurul Majid Mahmud Humayun at his office in the city, said a press release. During the meeting, they discussed various bilateral issues, including trade and investment, technology transfer and automobile industry.

Humayun welcomed the Japanese investors in the country's automobile industry and said Bangladesh consumers have confidence on the Japanese branded cars, including Toyota. "Japanese Honda Company has already set up factory in Bangladesh for producing Honda brand motorcycles," he added. Hiroyasu Izumi said there are huge opportunities to accelerate economic relations between the two friendly nations, Bangladesh and Japan.

"Both countries can make profits by taking advantages from the relations. Huge labour forces are the great opportunities for industrialization in the country," he added.Among others, Industries Minister M Abdul Halim and Additional Secretary of the Industries ministry Begum Parag were present at the meeting.



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