Japan bank wants to invest in sugar, fertiliser industries
The Japan Bank for International Cooperation (JBIC) has expressed interest in investing in Bangladesh's sugar industry as well as setting up a fertiliser factory like the one in Ghorashal town under Palash upazila of Narsingdi.
The JBIC also expressed interest in financing other sectors, including electric metres and automobiles.
JBIC Governor Hayashi Nobumitsu yesterday informed Industries Minister Nurul Majid Mahmud Humayun of their interest at the latter's office in Dhaka's Motijheel.
Md Arifur Rahman Apu, chairman of the Bangladesh Sugar and Food Industries Corporation, Md Saidur Rahman, chairman of the Bangladesh Chemical Industries Corporation, and Sheikh Faezul Amin, additional secretary of the industries ministry, were present, among others.
"We are trying to modernise the sugar industry. A large amount of land is under sugar mills. So, we are interested in setting up agro based food processing industries," Humayun said.
He went on to say that Japan has helped Bangladesh in various ways in regards agriculture and industry over the years.
Seeking cooperation from the JBIC, the minister said they are working on setting up a second unit of Carew & Co (Bangladesh) Ltd.
"The JBIC can finance all matters to this end. We need financing, automation, modern machinery and so on," he added.
Humayun also directed the concerned organisations to implement Japanese-financed government-to-government or bilateral agreement joint investments as quickly as possible.
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