Date: The DirectorForeign Exchange Investment DepartmentBangladesh Bank, Dhaka, Bangladesh.
Copy: Bangladesh Economic Zones Authority (BEZA), Dhaka, Bangladesh.
Though: Prime Bank PLC., (Gulshan Branch) Plot # 01, Block- CEN(H), Road # 109, Gulshan Avenue, Gulshan, Dhaka-1212.
Subject: Recommendation for approving the long-term loan agreement.
Dear Sir/Madam,
We, IRIS Company Ltd., a company incorporated under the laws of Japan and having its registered office at 1933 Izuka, Ota, Gunma, Japan, are the parent company of Bengal IRIS TAKUMI Ltd., a company incorporated in Bangladesh under the jurisdiction of the Bangladesh Economic Zones Authority (BEZA).
We hereby confirm our intention to provide a long-term loan to Bengal IRIS TAKUMI Ltd. to support Factory construction, equipment purchase, technology transfer, and infrastructure, utilities, and capital expenditure necessary for operations.
We have reviewed and approved the terms and conditions stipulated in the Long-Term Loan Agreement executed between IRIS Company Ltd. (Japan) and Bengal IRIS TAKUMI Ltd. (Bangladesh). The loan will be disbursed in foreign currency from Japan and repatriated as per Bangladesh Bank regulations upon repayment.
We respectfully recommend and request the Bangladesh Bank and Bangladesh Economic Zones Authority (BEZA) to kindly review and approve the said Long-Term Loan Agreement and the related foreign borrowing arrangement in accordance with relevant regulations and foreign exchange guidelines.
Your kind consideration and approval will enable Bengal IRIS TAKUMI Ltd. to successfully implement its planned business expansion in Bangladesh and further strengthen the economic cooperation between Japan and Bangladesh.
Thank you for your continued support and cooperation.
Yours sincerely,
For IRIS Company Ltd.
🗸
______________Yo Osumi
Director IRIS COMPANY LTD.