![]() Access to markets for economic development is key to the concept of BIG-B. ![]() It is also seen as a grand design of combining two oceans namely the Pacific Ocean and the Indian Ocean to boost Japan’s economy in an expanded geopolitical space. The BIG-B plan considers Bangladesh as a bridge between South Asia and Southeast Asia. ![]() “The plan envisages reducing poverty by private investment, implementing policy measures to deal with catastrophic risks and exercising leadership in achieving development goals of the international community.” 3 The BIG-B plan is primarily based on economic, infrastructure, energy and development imperatives, wherein Japan intends to contribute to the success of developing nations and seeks to be recognized for integration of the Asian region. The issue brief will further examine the implications for India arising from increased economic cooperation between Japan and Bangladesh. The aim of this issue brief is to study the different elements of the BIG-B initiative and how it serves to advance Japan’s national strategic interests. The plan showcases one of the significant components of the increasing ‘Japan-Bangladesh Comprehensive Partnership.’ 2 The foreign aid provided in this plan primarily aims for Bangladesh to improve physical infrastructure, investment climate and connectivity aspects in Bangladesh, which would be economically beneficial for both Japan and Bangladesh. 1 Japan has committed to provide a loan of approximately USD 5 billion to Bangladesh for a period of four to five years. This marked a new era in Japan-Bangladesh relations as both countries moved towards enhanced economic relations. ![]() The Bay of Bengal Industrial Growth Belt (BIG-B) plan for shared economic cooperation was announced in September 2014 when Prime Minister Shinzo Abe visited Dhaka. ![]()
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