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Date: 1st April 2024
The Director (Commercial)
Bangladesh Investment Development Authority (BIDA)
Prime Minister's Office
E-6/B, Agargaon, Sher-e-Bangla Nagar,
Dhaka 1207, Bangladesh.
Subject: Seeking special approval for the fund transfer as well as allowing to receiving funds from the Project Bank account to the Branch office Bank account.
Dear Sir,
We are pleased to introduce ourselves that Fujita Corporation is a Japan-based company set up a Branch office in Bangladesh by obtaining permission from your office (BIDA Permission Ref No: OPE-27Feb2024-00004) effect from 27.02.2024.
I would like to inform you that, Fujita Corporation (Branch Office) does not have any work orders in Bangladesh, and we are looking for work orders in Bangladesh. We are now at the market research and survey stage.
It is mentionable that, 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 this amount 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.
In this circumstance, we need your approval to credit the fund in the Branch office Bank account. It is requested take the necessary steps to provide the approval for executing the fund transfer as well as allow us to receive the funds in the Branch office Bank Account.
Sincerely yours,
√
Tomokazu Nitta
Country Manager Fujita Corporation
(Dhaka Branch office)
Attachment:
Declaration for Waiver 7
Copy of BIDA permission letter.
Bangladesh Bank Intimation 18B
Bank Statement for (ADC-Fujita)
Agreement (ADC)
Request of Transfer (supporting of income from the project)
Copy of Consortium agreement