New Delhi: Tipu Munshi, Minister of Commerce of Bangladesh, has invited the Indian business leaders to come and invest in Bangladesh. With the geo-political advantage that Bangladesh has, there are various sectors and products with huge opportunities including ceramic and glass products. “We should work together to take our relationship to newer heights,” he added.
Addressing an interactive session ‘New Horizons in India-Bangladesh Economic Relations’ organized by FICCI here on Tuesday, Munshi stated that there is a need to further improve the connectivity to facilitate trade. 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 asserted.
Salman F Rahman, Private Industry and Investment Adviser to Hon’ble Prime Minister of Bangladesh highlighted the investment potential in Bangladesh and stated, “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 while inviting the Indian industry to come and invest in Bangladesh said that the industry should also look at improving the markets in the North-eastern region in India. “When you (industry) look at the Bangladesh market, don’t just look at this market but combine it with the North-east market. Both, Bangladesh and the North-east market offer good transit facilities including road, railway and waterways and it will be a win-win for both Bangladeshi and Indian businesses,” he added.
Mohammed Jashim Uddin, President, Federation of Bangladesh Chambers of Commerce and Industry, said that enhanced trade co-operation between India-Bangladesh can be critical in developing a stronger relationship between the businessmen of the two countries.
Manoj Chug, Chair, FICCI South Asia Regional Council and President- Group Public Affairs and Member of the Group Executive Board, Mahindra & Mahindra Ltd, said that Bangladesh is incredibly important to us and all Indian businesses in Bangladesh are looking at accelerating the pace of doing business.
Arun Chawla, Director General, FICCI said that India and Bangladesh are uniquely positioned to tap unexplored potential in every aspect of the economy. “The visit of PM of Bangladesh will open a new window of cooperation between India and Bangladesh,” he added. /BI/
