Dhaka:Prime Minister Tarique Rahman has called for increased investment from Japan's Marubeni Corporation in Bangladesh, focusing on the IT, fertiliser, and energy sectors, including a second KAFCO plant and an AI-based data centre.
According to United News of Bangladesh, the Prime Minister made this appeal during a meeting with a Marubeni Corporation delegation led by President and CEO Masayuki Omoto at his office. PM's Deputy Press Secretary Shahadat Hossain Shadhin reported the details of the meeting.
The Prime Minister highlighted the government's efforts to foster a favourable investment environment, aiming to unlock economic potential and create employment. He welcomed Marubeni's involvement in Bangladesh's IT, fertiliser, and energy sectors and emphasized expanding their existing business relations in jute products into new areas.
Discussions during the meeting highlighted the IT sector's potential and plans to enhance skills in information technology and cybersecurity. The government aims to improve IT and cybersecurity skills among engineering graduates.
Bangladesh's potential to become an international service hub through its skilled workforce and technological capabilities was noted. Plans for an AI-based data centre in the next 12 months were discussed, with Marubeni showing interest in investing.
The meeting also explored the application of modern technology and AI in agriculture, considering Bangladesh's agrarian economy, with Marubeni's possible investment and cooperation.
Marubeni's existing investment in Karnaphuli Fertiliser Company Limited (KAFCO) and the prospect of establishing a second KAFCO plant were discussed. The Japanese company expressed interest in this initiative.
Both parties expressed hope that the Economic Partnership Agreement (EPA) between Bangladesh and Japan would enhance trade and investment ties once implemented.
Attendees included State Minister for Foreign Affairs Shama Obaed Islam, Prime Minister's Adviser on Information and Technology Rehan Asif Asad, and the Prime Minister's Special Assistant Shakirul Islam Khan. Marubeni was represented by Susumu Wakamori, CEO for Southwest Asia, and Manabu Sugawara, the country head in Bangladesh.