Written by The Banking Post
Indonesia-based agribusiness giant Japfa Ltd has expressed strong interest in expanding its investment in Bangladesh, with a focus on agriculture and poultry.
The interest was conveyed during a meeting with Commerce Minister Khandakar Abdul Muktadir on Wednesday, where both sides discussed boosting bilateral trade, investment, and economic cooperation.
“Bangladesh is rapidly advancing as an emerging economy. With ongoing reforms and policy support, the investment climate has reached a highly satisfactory level,” the minister said, urging greater foreign investment in key sectors.
He highlighted the government’s commitment to supporting investors, noting that agriculture and poultry offer significant growth potential and can contribute meaningfully to economic expansion.
Japfa Executive Chairman Renaldo Santosa echoed the optimism, pointing to Bangladesh’s growing market and investor-friendly environment.
The company, which has been operating in Bangladesh since 2020, has already begun production in the poultry feed segment under the Bay Group.
Globally, Japfa generates annual revenue of around $4.7 billion and is targeting $10 billion by 2030, signalling its broader expansion ambitions.
The latest move underscores Bangladesh’s increasing appeal to foreign investors, particularly in agro-based industries, as the country seeks to diversify and strengthen its economic base.
