Bangladesh to dedicate SEZ to Japanese garment firms
04 Aug 17 1 min read
Japanese investors can now set up readymade garment units in a special economic zone (SEZ) dedicated to Japan, Bangladesh commerce minister Tofail Ahmed has said. The statement came after his recent meeting with Japanese ambassador to Bangladesh Masato Watanabe in Dhaka. Japan has promised to invest around $6 billion in Bangladesh, Ahmed said.
Japan International Cooperation Agency (JICA) is working closely with Bangladesh Economic Zones Authority (BEZA) for the dedicated SEZ, which will be set up soon, Watanabe said. Commerce secretary Shubhashish Bose and senior officials of the ministry were present at the meeting, according to Bangladesh media reports.
The number of Japanese firms investing in Bangladesh witnessed a ten-fold rise from 35 ten years ago to around 350 now, Ahmed said.
Bangladesh is developing 100 SEZs across the country. About 350 Japanese firms, including RMG and backward-linkage factories, are operating at present in the various export processing zones. (DS)
Fibre2Fashion News Desk – India
Popular News
|
China, Australia deliberate FTA execution: Reports |
|
Bearish trend in north Indian cotton yarn market, prices decline |
|
ICE cotton prices fall further amid weak sentiments, demand concerns |
|
Germany's BASF offers sustainable polyamides for textile industry |
|
US cotton exports jump 79% week-on-week: USDA |
|
South Indian cotton yarn market bearish; steep fall in Mumbai |