United News of Bangladesh

Bangladesh and Japan on Friday signed six MoUs on economic, investment and other cooperations on the third day of the ongoing visit of Chief Adviser Professor Muhammad Yunus to Japan. Prof Yunus witnessed the signing of the MoUs on the sidelines of a seminar titled 'Bangladesh Business Seminar' in Tokyo, his Deputy Press Secretary Abul Kalam Azad Majumder said. The first MoU involves the Japan Bank for International Cooperation and the Energy and Mineral Resources Ministry of Bangladesh. The MoU is expected to strengthen cooperation between JBIC and Bangladesh to realise projects in the energy sector, Azad said. The second MoU was signed between ONODA Inc and Bangladesh SEZ Ltd for a land lease contract of BSEZ. ONODA has implemented a gas metre installation project initiated by JICA and is planning to do new assembly manufacturing, inspection and maintenance of gas meters at the factory in BSEZ. The third MoU involves Bangladesh Naxis Co. Ltd and Bangladesh SEZ Ltd for a land lease contract of BSEZ. Bangladesh SEZ Ltd. (BSEZ) and Bangladesh Naxis Co. Ltd (Naxis) will sign a land sublease agreement. Naxis plans to manufacture apparel accessories at the factory in BSEZ. Japan to provide $1.063 billion for budget support, railways The fourth MoU involved Glagit and Musashi Seimitsu Industry Glafit and the Bangladesh Investment Development Authority (BIDA) on support for setting up a factory for battery-run cycles and an electric motorcycle manufacturing plant. The fifth MoU involves Cipher Core Co. Ltd, which is investing $20 million in its Bangladesh venture to launch a national pilot project for information security based on Complete Cipher Technology by award-winning inventor Takatoshi Nakamura. The project aims to make Bangladesh a quantum-resilient digital economy, with exclusive rights granted to the local entity for technology deployment and global expansion. The sixth MoU involves the Japan International Cooperation Agency and BIDA. This MoU confirms JICA's engagement to provide technical and in-kind support for the early-stage development of the Integrated Single Window Platform (ISWP). This platform is a BIDA-led effort to consolidate the individual one-stop services currently operated by various investment promotion agencies across Bangladesh. Speaking at the signing ceremony, Chief Adviser Professor Muhammad Yunus congratulated all parties involved. “Now it is our task to implement. I am moved,” he said. Japan reaffirms support for Dr Yunus-led interim govt, Bangladesh’s reform drive