ZCZC
BSS-40
BANGLADESH-INDIA-INVESTMENT
Bangladesh seeks bigger Indian investment
DHAKA, Oct 2018 (BSS) – Bangladesh High Commissioner to India Syed Muazzem Ali today called on the Indian business community to boost their investment in Bangladesh to reap the benefits of the country’s rapid economic growth and business friendly environment.
He was speaking at the Pondicherry Global Economic Summit and the Fifth World Tamils Economic Conference in Pondicherry, India, according to a press release of Bangladesh High Commission in New Delhi received here.
The Bangladesh envoy spoke of establishment of a series of “buy-back” projects, where Indian investors could set up industries in Bangladesh and re-export to India and in some other neighboring countries.
He urged the Indian investors to take advantage of Bangladesh’s competent labour costs and closer proximity to North-East markets.
He said Bangladesh and India may delve into joint venture partnership in important sectors such as Agro Processing, Automobiles, Ceramics, Chemicals, Gems and Jewellery, Light Engineering, ICT, Hospital and Medical Equipment, Pharmaceuticals, Plastics, Professional Services, Tourism, and Textiles.
The envoy said Bangladesh would need substantial investment to broaden her exportable base. It is little unfortunate that investment opportunities for Indian industrialists in Bangladesh had not been fully explored in depth so far.
Syed Muazzem said Prime Minister Sheikh Hasina and her Government have given maximum importance to transform Bangladesh into one of the most favoured investment destinations in South Asia and all the policies and practices are now in place to create a favourable environment to carry out necessary businesses of the investors.
Bangladesh, he said, is being considered as the most liberal and business friendly economy in this region and one of the most attractive destinations for business and investment.
BSS/PR/TA/BR/1948