Explanation for Special permission

Date: 1 st April 2024 The Director (Commercial) Bangladesh Investment Development Authority (BIDA) Prime Minister's Office People’s Republic of Bangladesh E-6/B, Agargaon, Sher-e-Bangla Nagar, Dhaka 1207, Bangladesh. Subject: Explanation for seeking the approval of receiving funds from the Project Bank account to the Branch office Bank account. Dear Sir, I would like to inform you that, Fujita Corporation (Branch Office) is a construction company that is not involved in any project in Bangladesh due to not having any work order. Since Fujita Corporation (Branch Office) does not have any work order in Bangladesh we are not eligible to get the exemption of BIDA permission condition no. 7. But Fujita Corporation is a part of Aviation Dhaka Consortium (ADC) and Fujita Corporation is involved with Aviation Dhaka Consortium (ADC) for the construction of Hazrat Shahjalal International Airport (HSIA) expansion project contract no. No.-01-CAAB-CivilCircle-2019-2020. From the project, Fujita Corporation has generated an income of BDT 2,35,20,404.00. Now the whole amount is in the Bank Account of Aviation Dhaka Consortium- Fujita Corporation (Bank Account No. 01-1309760-05). Now we want to get the remaining funds to the Fujita Corporation (Branch Office) Bank Account (Account No. 0164691760) by Bank Transfer. But our Authorized Dealer Bank is not allowing us the do any local credit since we do not have the exemption of condition 7. As the Branch office is not eligible to apply for the exemption BIDA permission condition 7, we are seeking approval for BIDA to receive the fund from the Project Bank Account to Branch office Bank Account. Therefore, it is highly requested to you take the necessary action to provide the approval and allow us the receive the fund from the Project Bank Account. Sincerely yours,  _______________ Tomokazu Nitta Country Manager Fujita Corporation (Dhaka Branch office)