Japanese industrial giant Honda Denki Co Ltd has expressed its keen interest to invest 1 billion US dollars in Bangladesh’s power, energy and sugar sectors. The investment offer came when president of Japanese firm Shin-ichi Honda met Industries Adviser Geeteara Safiya Chowdhury at her ministry on July 8.

During the meeting, Shin-ichi said his company wants to invest in power generation and environment-friendly alternative energy bio-ethanol projects. He said his firm is also interested to provide pure drinking water to the poor and finance housing projects. Shin-ichi informed the adviser that the Japanese industrial giant is also keen to extend its cooperation to the country’s sugar mills in boosting production through providing training to the farmers, distributing high-yielding seeds and offering modern technologies.

He sought cooperation of the Bangladesh government in implementing the projects. The adviser said the bio-ethanol project could play an important role in developing sugar industries. Describing the investment proposal of the Japanese firm in sugar industry as a very positive one, the adviser urged Honda to set up urea fertiliser industries in Bangladesh.

Honda Denki has huge investment in sugar turned-bio-ethanol industries and power generation in Cambodia, Brazil and Venezuela.