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Executive Chairman of Bangladesh Investment Development Authority (BIDA) Chowdhury Ashik Mahmud Bin Harun on Monday said Bangladesh is prioritising foreign direct investment (FDI) and joint ventures to tap its massive, unutilised deep-sea marine resources centring on the Matarbari strategic business hub.
He made the remarks while addressing a seminar titled “Investment Potential in Fisheries and Marine Economy in Bangladesh” organised by the Moheshkhali Integrated Development Authority (MIDA) in cooperation with the Japan International Cooperation Agency (JICA) at a city hotel.
Due to a lack of industrial capacity, hundreds of kilometres in the country’s deep-sea areas remain out of economic activity. In the absence of Bangladeshi entrepreneurs, neighbouring nations are harvesting valuable tuna and other high-value fish from the Bay of Bengal.
Speaking as the chief guest at the seminar, the BIDA executive chairman said as local entrepreneurs currently lack the capacity for deep-sea fishing, the government is prioritising foreign direct investment in collaboration with local businesses.
He revealed that a Japanese company has already applied for permission to conduct fishing and economic activities in these deep-sea zones, opening up immense opportunities to earn foreign currency through marine exports.
Minister at the Embassy of Japan in Dhaka Takahashi Naoki and Chief Representative of JICA Bangladesh Takahashi Junko made special remarks at the event
