Chief Adviser Professor Muhammad Yunus on Thursday called upon the Japan International Cooperation Agency (JICA) to bolster its support for the Moheshkhali-Matarbari Integrated Development Initiative (MIDI), aiming to transform the region into a vital engine for Bangladesh's future economic growth.
The request was made during a meeting with JICA President Dr Tanaka Akihiko on the sidelines of the 30th Nikkei Forum: Future of Asia, held at the Imperial Hotel in Tokyo.
"The MIDI region represents the future of Bangladesh," Prof Yunus said. "With access to the Bay of Bengal, we are developing deep-sea ports, highways, and railway links to connect the MIDI region with Nepal, Bhutan, and other parts of South Asia."
JICA initially proposed the development of a deep-sea port at Matarbari. The interim government, under Prof Yunus' leadership, is now formulating a comprehensive master plan to transform the entire MIDI region into a hub for ports, logistics, fishing, energy and power.
Japan to become important manpower market for Bangladesh: Shafiqul Alam
"Our vision includes building a megacity in the region," Prof Yunus added, noting that airports are also being upgraded to accommodate increased travel demands.
Dr Tanaka reaffirmed JICA's commitment to the MIDI development but emphasised the need for accelerated decision-making to expedite project implementation.
In response, Prof Yunus announced plans to appoint a senior official to oversee MIDI projects and coordinate efforts with JICA and other potential foreign investors.
The Chief Adviser also revealed plans to establish free trade zones within the MIDI area, inviting foreign investors to set up manufacturing plants aimed at export markets.
Besides, the government intends to create an exclusive fisheries zone in the region, enabling large fishing vessels to operate.
"We need to engage in deep-sea fishing," Prof Yunus explained. "Currently, fishing vessels from neighbouring countries exploit these waters, while our trawlers are too small for deep-sea operations. By developing our capabilities, we can process the catch in the fisheries zone for both export and domestic consumption."
Dr Tanaka said this was possibly the first time he had heard a Bangladeshi leader discuss deep-sea fishing initiatives.
The two leaders also discussed Bangladesh's reform agenda following the July uprisings, the country's democratic transition, and the Interim Government's anti-corruption efforts.
Prof Yunus confirmed that general elections are scheduled to be held between December and June, after which he plans to return to his previous work once an elected government assumes office.
Japan to recruit one lakh Bangladeshi workers in five years
The Rohingya crisis was also discussed, with the Chief Adviser seeking increased JICA’s support for humanitarian responses.
Dr Tanaka expressed JICA's willingness to participate in international efforts addressing the Rohingya crisis.