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28 January 2023

Business Insider Bangladesh

Padma Bridge to boost foreign investors’ confidence in Bangladesh

UNB || BusinessInsider

Published: 12:42, 7 June 2022   Update: 18:37, 23 June 2022
Padma Bridge to boost foreign investors’ confidence in Bangladesh

Japan’s ambassador to Bangladesh Ito Naoki. Photo: UNB

Japan's ambassador to Bangladesh Ito Naoki on Tuesday said the inauguration of mega project Padma Bridge will boost foreign investors' confidence on the country.

"This is going to be a wonderful moment," he said highlighting the growing presence of quality infrastructure in Bangladesh.

The ambassador was speaking at "DCAB Talk" at Jatiya Press Club organized by Diplomatic Correspondents Association, Bangladesh (DCAB).

DCAB President Rezaul Karim Lotus moderated the programme while its General Secretary AKM Moinuddin delivered welcome remarks.

Ambassador Naoki said the direct flight operations between Dhaka and Narita will soon begin that will give a sense of confidence among investors.

He said Covid-19 pandemic delayed the overall preparations.

Naoki said there is growing interest among the Japanese investors to come and invest in Bangladesh.

The ambassador highlighted five factors, including growing quality infrastructure and stable environment.

He said Bangladesh is becoming a very important destination for investment.

He said the Dhaka Metro rail will begin its commercial operation by December this year.

The ambassador also updated on Bangladesh Special Economic Zone in Araihazar which is also getting ready to host investment.

He also talked about recently launched Indo-Pacific Economic Framework with 13 countries including Japan.

The envoy laid emphasis on early repatriation of the Rohingyas but reminded that there is a political reality which is a very difficult issue.

"This is a very difficult situation," he said, adding that they are calling for restoration of democracy halting violence.