Minister of State for Power, Energy and Mineral Resources Nasrul Hamid has urged Japan to make more investment in different segments of power and energy sector.
He said Bangladesh has a business-friendly environment suitable for foreign investment enabled by state-guaranteed profit security.
The minister made the remarks during a virtual meeting on Tuesday (August 18) with Japan Bank for International Cooperation (JBIC) on the issue of investment in Bangladesh.
"We provide tax holidays and different inventive packages for the investors so that their investment and profit is secured,” said Nasrul Hamid.
Welcoming the interest of investing in Bangladesh, Nasrul Hamid also said, "Bangladesh is a flourishing country and its economy is getting larger by the day. Japan is our time-tested friend and investment in Bangladesh by Japan will cement our relationship further.”
Bangladesh and JBIC will strike a Memorandum of Understanding (MoU) by the end of September this year.
JBIC has shown interest to invest in LNG terminal, LPG terminal, gas pipeline, power generation, gas meter, renewable energy, hydropower electricity and power system master plan. It has sent a proposal to the ministry for inking MoU in this regard.
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