PM Meets Uniqlo's Top Executives in Japan, Calls for More Investment in Bangladesh's Garment Sector
Prime Minister Tarique Rahman has called on Uniqlo, Japan's world-renowned clothing manufacturer and retailer, to expand its investment in Bangladesh.
The Prime Minister made the call on Wednesday (October 28) at 10:30 am Japan local time, during a meeting with a delegation led by Tadashi Yanai, chairman, president and chief executive officer (CEO) of Fast Retailing Company Limited, Uniqlo's parent company.
The Prime Minister's Deputy Press Secretary Shahadat Swadhin gave this information.
At the meeting, Prime Minister Tarique Rahman praised Uniqlo's confidence in Bangladesh and Fast Retailing's long-standing business engagement with the country.
Uniqlo was invited to invest more in Bangladesh's ready-made garment industry. The Prime Minister placed special emphasis on investment in man-made fibre, technical textiles and sustainable clothing production.
The meeting also discussed expanding cooperation in technology transfer, skills development, product innovation, advanced production systems and environmentally friendly production processes.
The Prime Minister said the government is ready to provide the necessary support to expand Uniqlo's operations in Bangladesh. He mentioned cooperation in arranging land, investment approvals and simplifying other necessary administrative approval processes.
Both sides reiterated the importance of implementing the Bangladesh-Japan Economic Partnership Agreement (EPA). They expressed hope that the agreement would help expand trade and investment relations between the two countries.
Present from the Bangladesh side were Finance and Planning Minister Amir Khosru Mahmud Chowdhury, the Prime Minister's adviser on finance and planning Rashed Al Mahmud Titumir, State Minister for Foreign Affairs-1 Humayun Kabir, Invest Bangladesh chairman Ashik Chowdhury, Bangladesh Bank Governor Md Mostakur Rahman, the Prime Minister's special assistant Shakirul Islam Khan and Additional Press Secretary Atiqur Rahman Rumon, along with relevant officials.
From the Japanese company, Fast Retailing Company Limited director Takeshi Okazaki and the company's group senior executive officer Yoshihiro Kunii were also present.
