A group of Japanese investors has told the government it plans to invest an initial $1.2 billion in Bangladesh's tourism and hospitality sector, the Ministry of Civil Aviation and Tourism said.

The delegation made the announcement at a meeting with Civil Aviation and Tourism Minister M Rashiduzzaman Millat at the Bangladesh Secretariat in Dhaka on Sunday, 18 October, according to a ministry press release carried by Bangladeshi outlets. The minister attended as chief guest.

Millat said Bangladesh had diverse tourism potential built on nature, heritage and culture, and pointed to the Sundarbans, Cox's Bazar and the tea gardens of Sylhet as draws for international visitors. He said the government welcomed foreign investment and wanted to pursue it through public-private partnerships that benefit both sides.

Welcoming the offer, the minister said the government would take the necessary steps promptly once the investors submitted a formal proposal, and that the Bangladesh Tourism Board would move quickly to arrange visits by the delegation to tourism destinations.

Japan is a long-standing development partner of Bangladesh and has funded several large infrastructure projects. No formal investment proposal or signed commitment was announced at the meeting, and the figure is the delegation's stated initial plan rather than money already committed.

The meeting comes as Prime Minister Tarique Rahman is due to leave for a four-day visit to Japan on 26 October, where trade, investment and economic partnership are expected to be the main themes.