Exports to India will increase: FBCCI President


16th July, 2019 08:27:55 printer

Exports to India will increase: FBCCI President

Federation of Bangladesh Chambers of Commerce and Industry (FBCCI) President Sheikh F Fahim said exports of Bangladeshi goods to India will be increased.

He said this while inaugurating the two-day long Eastern India Trade Summit-2019 in Kolkata of India on Monday organized by Confederation of West Bengal Trade Associations (CWBTA). 

Government officials and business leaders from Thailand, Bangladesh, Nepal, Bhutan and India participated at the summit. 

FBCCI President in his presentation said that bilateral trade between Bangladesh and India was USD 9.5 billion in 2017-18. 

As CWBTA’s member pool of Trade Associations of West Bengal is a strong network of more than 1 million traders, the network has a potential value chain for buy back from Bangladesh as well as exports to SAARC, BBIN, BIMSTEC and additional market, FBCCI President hoped. 

Sheikh F Fahim further said “Our competitive strengths in leather goods, pharmaceuticals, ship building, frozen sea food, ceramics, jute products, ICT, home appliance, fisheries and others are leading the way for business diversification.”

“India has been financing many of our development projects in power, railways, road & transport, textiles, banking and telecommunications as a strategic partner and major source of FDI.”

Fahim ended his speech with a significant update on the index this year and a more substantial one in 2020 and urged Indian investors to invest in the SEZ’s and other potentials sectors taking the lucrative offers provided by Bangladesh Government.