Time to invest in Bangladesh

[Sultan Mahmud Sujon]

International investors should look at Bangladesh as a lucrative investment destination as the fast-growing country offers immense growth opportunities, said Toshiro Kudama, chief executive officer of Jera Asia.

“Bangladesh is very promising and stabilised. I think it’s time to come to Bangladesh,” he told The Daily Star in an interview in Dhaka recently.

He was in Dhaka to meet senior officials of Summit Group and see the operations of the company.

Japan’s largest energy company Jera has recently acquired 22 percent stake in Summit Power International (SPI) for $330 million to establish major energy infrastructure, including power generation projects in Bangladesh. The SPI, a Singapore-based unit of Summit Group, is a holding company of all power assets of the Bangladeshi conglomerate.

The largest independent power producer in the country owns and operates power generation facilities that produce approximately 1.8 gigawatts of electricity, representing about 12 percent of Bangladesh’s capacity. Summit LNG Terminal Co Ltd, which has a capacity to supply 500 million cubic feet of gas per day, is a subsidiary of the SPI.

Source: https://www.thedailystar.net/business/news/time-invest-bangladesh-1838278