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Japanese company invests Tk128cr in JMI Group amid Covid-19

 New Nation
 Published: 12:00 AM, 02 December 2020  Updated: 3:22 PM, 03 October 2022
JMI Group Managing Director Md Abdur Razzaq, speaking at the launching ceremony of NIPRO JMI Marketing Limited held at its head office in the city on Tuesday. Shigetomi Hisao, representative of NIPRO Asia Pte Limited and high officials from both companies
JMI Group Managing Director Md Abdur Razzaq, speaking at the launching ceremony of NIPRO JMI Marketing Limited held at its head office in the city on Tuesday. Shigetomi Hisao, representative of NIPRO Asia Pte Limited and high officials from both companies

Business Desk :
NIPRO Asia Pte Limited, owned by NIPRO Corporation, Japan, and JMI Marketing Limited, one of the companies of JMI Group in Bangladesh, have formed a joint venture in the name of NIPRO JMI Marketing Limited which is an exceptionally promising milestone in the medical devices market in Bangladesh.
Despite Covid-19 situation, Japanese conglomerate NIPRO Corporation has invested around Tk 128 crore ($15 million) as Foreign Direct Investment (FDI) by merging with the JMI Group to launch NIPRO JMI Marketing Limited. With this investment the NIPRO Corporation’s total investment with the JMI Group stood at around Tk680 crore ($80 million), said a press release.
The NIPRO JMI Marketing Limited will market the medicine and medical equipment manufactured by the JMI Group to local market in Bangladesh. Rather, the company will source essential medical equipment across the globe and will market the products at home and abroad after ensuring the quality.
A launching ceremony of NIPRO JMI Marketing Ltd was held at JMI Group’s head office at the capital’s Banglamotor area on Tuesday morning. A cake was cut at the event with the presence of high officials from both NIPRO Asia Pte Ltd., and JMI Group.
At the event NIPRO Asia Pte Ltd representative Shigetomi Hisao said, “JMI Group has achieved our trust by producing quality products. That’s why we haven’t hesitate to further invest with the company. We hope that the NIPRO JMI Marketing Ltd like our other ventures with the JMI Group will satisfy the consumers by ensuring the products’ quality.” JMI Group Managing Director Md Abdur Razzaq said that the new Foreign Direct Investment from Japanese NIPRO Corporation proves the quality of JMI Group as well as the products we manufactured.
“We firmly believe that the new partnership will make our commitment to the healthcare sector in Bangladesh even stronger; ensuring our capability of providing quality customer service, smoother distribution and efficient sales and marketing process,” he added.