Munshi wants further improvement in connectivity to facilitate trade
Bangladesh has invited the Indian business leaders to invest in the country’s various sectors and products with huge opportunities including ceramic and glass products.
The investment call was made by Bangladesh Commerce Minister Tipu Munshi on 6 Sept 2022, informing a FICCI meeting, “Bangladesh has very progressive and industry friendly policies.
“We both should work together for mutual benefit. Business can really take us to a level where everybody can see a better life both in India and Bangladesh,” he said during the Bangladesh Prime Minister Sheikh Hasina visit to New Delhi.
“With geo-political advantage that Bangladesh has, we should work together to take our relationship to newer heights.”
Addressing an interactive session ‘New Horizons in India-Bangladesh Economic Relations’, organized by FICCI, Munshi stated that there is a need to further improve the connectivity to facilitate trade.
Salman F Rahman, Private Industry and Investment Adviser to the Prime Minister of Bangladesh, highlighted the investment potential in his country.
“Garments has been our dominant sector and going further, as part of our next level of growth, we are looking at export diversification.”
Rahman said that agriculture has been one of the many success stories of Bangladesh and in today’s world after the pandemic, food security has been critical for every country.
“We want to further capitalize on our manufacturing capabilities along with agro processing business in Bangladesh,” he added.
Rahman advised Indian investors to look at improving the markets in the North-eastern region of India.
“Just don’t just look at the Bangladesh market but combine it with the North-east market of India.
“Both, Bangladesh and North-east market offers good transit facility including road, railway and waterways and it will be a win-win for both Bangladeshi and Indian businesses,” he underlined.
Md Jashim Uddin, President, Federation of Bangladesh Chambers of Commerce and Industry, called for enhanced trade co-operation between India-Bangladesh as this can be critical in developing a stronger relationship between the businessmen of the two countries.
“Bangladesh is incredibly important to us and all Indian businesses in the country are looking at accelerating the pace of doing business,” added Manoj Chug, Chair, FICCI South Asia Regional Council and President- Group Public Affairs & Member of the Group Executive Board, Mahindra & Mahindra Ltd.
Abdul Matlub Ahmed, President, India-Bangladesh Chamber of Commerce and Industry, noted that India-Bangladesh Comprehensive Economic Partnership Agreement will benefit both the countries. “We need to think of a global value chain.” fiinews.com
