Home / Knowledge / News / Apparel/Garments / Bangladesh to allocate separate industrial zone for Japan
Bangladesh to allocate separate industrial zone for Japan
26
Aug '14
To boost Japanese investment in Bangladesh, the Bangladesh Government will allocate a separate industrial zone for Japan.

This was revealed by Commerce Minister Tofail Ahmed at a press conference, who also said that the Government also plans to extend special facilities to its leading development partner country.

Bangladesh Government will allocate separate industrial zone for Japan so that the country can boost investment in Bangladesh, Mr. Ahmed said.

The Minister had earlier met the International Affairs, Economic, Trade and Industrial Affairs Vice Minister of Japan, Narihiko Ishiguro, who led the Japanese delegation.

“The Government has planned to set up a separate industrial zone for Japanese investment, but the location of the zone is not yet decided," the Commerce Minister informed.

“Japan provides duty-free access to Bangladeshi apparels products and there is a great demand for Bangladeshi garment products in Japan”, he told members of the media.

He added, “Japan production of garments meet only 50% of its demand and it has to import the rest of its requirements. So, we shall take special initiatives to enhance our apparel exports to Japan.”

“As per the Sixth-Five-Year Plan, we are trying to diversify export destinations as well as products, so, Japan is considered very important for Bangladesh,” Tofail Ahmed informed.

“The Government is trying to lessen dependence on clothing items, so steps are being taken to increase export of other goods like ceramics, leather goods and engineering commodities,” he noted.

Fibre2fashion News Desk - India

Must ReadView All

Apparel/Garments | On 18th Feb 2017

Bangladesh apparel sector has 95% local investors: BGMEA

Over 95 per cent of the total investors in the Bangladesh apparel...

Textiles | On 18th Feb 2017

Smriti Irani resolves cutting of carpets issue at ports

During a meeting held with stake holders of the carpet weaving...

Apparel/Garments | On 18th Feb 2017

Andhra Pradesh inks MoUs to set up 12 apparel units

At the recent CII Partnership Summit held in Hyderabad, memorandum of ...

Interviews View All

Anavila Misra
Anavila Collection

Fashion shows are also encouraging and highlighting sustainable fashion

Sunil Kumar Sharma
Loknayak JPNSSSG Ltd

'The blend of cotton–linen yarn has high demand in the domestic and...

Vasanth Kumar
Max Fashion India

‘Traditional high-street retailers are now willing to offer franchisees to ...

Steve Cole
Xerium Technologies

Steve Cole of Xerium Technologies discusses the industry. Xerium is the...

Eamonn Tighe
Nature Works LLC

Eamonn Tighe, Fibres and Nonwovens - Business Development Manager of...

Larry L Kinn
Suominen Corporation

Larry L Kinn, Senior Vice President - Operations Americas of Suominen...

Mike Hoffman
Gildan Activewear SRL

Gildan Activewear, a manufacturer and marketer of branded clothing and...

Wendell Rodricks
Wendell Rodricks

"We should not compare India and the West. There are things we do that...

Bani Batra

Bani Batra’s couture wedding collection is inspired by traditional Indian...

Press Release

Press Release

Letter to Editor

Letter to Editor

RSS Feed

RSS Feed

Submit your press release on


editorial@fibre2fashion.com

Letter To Editor






(Max. 8000 char.)

Search Companies





SEARCH
February 2017

February 2017

Subscribe today and get the latest update on Textiles, Fashion, Apparel and so on.

SUBSCRIBE


Browse Our Archives

GO


eNEWS
Insights
Subscribe today and get the latest News update in your mail box.
Advanced Search