July 24, 2012
Indian industrialists have expressed their keen interest to invest in Bangladesh, especially in infrastructure, power, gas and oil sectors.
A delegation of the Confederation of Indian Industries (CII) expressed the interest when its members, led by its President Adi Godrej, met Foreign Minister Dr Dipu Moni at her office on Sunday.
The high-powered delegation represented Indian conglomerates such as Kenventer Agro Ltd, Feedback Infrastructure Services Ltd, CEAT Ltd, Ashok Leyland, NIIT Ltd, TATA International Ltd, Bajaj Auto etc.
The delegation visited Bangladesh on July 20-22 with a view to strengthening bilateral trade relations between Bangladesh and India.
Expressing her happiness over the CII interest to explore business opportunities in Bangladesh, the foreign minister said the two countries, enjoying excellent bilateral relations, now need to work on trade facilitation measures to ensure a win-win situation which would contribute to the economic development of both the countries.
She appreciated the prime minister of India for providing duty-free access of 46 Bangladeshi textile items to the Indian market which, she said, has helped create a tremendous pool of goodwill among the business community in Bangladesh.
Dipu Moni observed that India, as a big neighbour and emerging economic power, may encourage more exports of Bangladeshi products, urging the Indian business delegates to play a productive and helpful role.
About investment in Bangladesh, the foreign minister mentioned that the present government is following a very liberal policy on foreign investment and would welcome Indian investors in Bangladesh.
She said there are multiple sectors that the Indian private entrepreneurs could explore for investing or setting up joint venture companies, particularly in areas such as hospitality, tourism, power, infrastructure, health care, RMG and textiles, ICT, telecommunications for mutual benefits.
Describing their visit to Bangladesh as very fruitful, the CII delegation head, Adi Godrej, said trade between India and Bangladesh is far below potential.
He requested the foreign minister to allow India to use Bangladesh territory for shipment of goods to its North-Eastern states, assuring her of making an effort to boost Bangladesh export to India, especially in North-Eastern states.
Photo Credit: The Daily Star