2023.12.21
On December 21, the Japan International Cooperation Agency (JICA) signed a Record of Discussions with the Government of the People's Republic of Bangladesh in Dhaka for the Industrial Competitiveness Enhancement Project, a technical cooperation project.
Signing Ceremony
Bangladesh's economic structure is overly dependent on exports of sewn products and remittances from overseas workers. In order to sustain economic growth that supports a higher standard of living for the people of the country, it is necessary to diversify by developing industries that are competitive on both the domestic and export markets, especially the manufacturing industry.
In light of this situation, and through the previous phase of this project, which ran from 2017 to 2022, JICA has been working to improve the business environment, promote investment, back policies and measures related to the promotion of supporting industries, and develop the management system for special economic zones in Bangladesh. While focusing on further advancing the development of supporting industries and strengthening industrial competitiveness, this new project will utilize and develop the results of strengthening the industrial promotion system. In particular, the project will support industrial human resource development and the formation of linkages between foreign and local companies. In doing so, it will contribute to the enhancement of industrial competitiveness and industrial promotion, as well as to the achievement of SDGs Goals 8 (Decent work and economic growth) and 9 (Industry, innovation and infrastructure).
Details for the project are provided below.
| Country | People's Republic of Bangladesh |
|---|---|
| Project title | Industrial Competitiveness Enhancement Project |
| Planned implementation period | 48 months |
| Executing agency | Ministry of Industry and relevant organizations |
| Target region | Major industrial cities in Bangladesh, including Dhaka |
| Specific project details (provisional) | ・Improve the capacity of the manufacturing sector to implement policies that contribute to industrial competitiveness and diversification. ・Improve the quality of training provided by relevant institutions in the technologies targeted by the project in the light engineering and plastics industries. ・Strengthen matching functions and establish the necessary information and implementation system to form linkages with foreign companies. |
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