Japan to Arrange $6.36 Billion in Private Investment for Bangladesh, Nikkei Says
The investments, set over five years, target automobiles, manufacturing, and energy, with companies entering a special economic zone developed partly by Sumitomo Corp.
Oct 22 (Reuters) - Japan will agree to arrange 1 trillion yen ($6.36 billion) in private-sector investments in Bangladesh over the next five years, the Nikkei newspaper reported on Thursday.
Prime Minister Sanae Takaichi will host her Bangladesh counterpart Tarique Rahman for a summit in Japan this month, and a joint statement will mention the arrangement, the report said.
The investments are expected to go into automobile and other manufacturing industries, as well as the construction of energy facilities, Nikkei reported.
It will also involve companies entering the Bangladesh Special Economic Zone being developed by parties including Japanese trading house Sumitomo Corp, the newspaper added.
Reuters could not immediately verify the report.
($1 = 157.1900 yen)
(Reporting by Kumar Tanishk in Bengaluru; Editing by Jonathan Ananda)
