For the first time in Bangladesh, a major foreign investment is poised to transform the country’s marine seafood sector. Japan Seafood Ltd., a Japan-Bangladesh joint venture, has officially launched operations at the Cox’s Bazar BSCIC Industrial Park. The company aims to introduce a new model of import-processing-export and revolutionize the seafood supply chain through advanced processing technology.
The company plans to focus on value-added processing of locally sourced raw materials from the Bay of Bengal, initially beginning with processing and exporting imported scallops from Japan.
At a grand inauguration ceremony on April 26, the Executive Member (Additional Secretary) of the Bangladesh Investment Development Authority (BIDA), Shah Mohammad Mahboob, attended as the chief guest. The special guests included Mr. Shimada Mitsuo, Director of Japan’s Ministry of Agriculture, Forestry and Fisheries, and Mr. Mohammad Salahuddin, Deputy Commissioner of Cox’s Bazar.
Also present were Japan’s Deputy Ambassador, JICA’s Chief Representative, JETRO’s Country Representative, and senior officials from the Department of Fisheries (DOF), BIDA, National Board of Revenue (NBR), BSCIC, Bangladesh Bank, and the local administration.
Bangladesh stakeholders expressed optimism that this venture will usher in a new era of innovation and export capacity in the marine fish processing industry.
Cox’s Bazar Life Report/Abdur Rashid Manik
Photo: Courtesy
