Thursday, 7 July, 2022
E-paper

Indian investors urged to invest in Bangladesh’s EZs

Indian investors urged to invest in Bangladesh’s EZs
DCCI President Rizwan Rahman speaks at an ‘Industry Interactive Meet’ organised by Calcutta Chamber of Commerce at a hotel in Kolkata on Wednesday.

Popular News

Dhaka Chamber of Commerce and Industry (DCCI) President Rizwan Rahman has invited Indian entrepreneurs to invest in Bangladesh's economic zones.

Pharmaceuticals, footwear, energy, food processing, light engineering and ICT were some of the areas where Indian investors could tap opportunities, he added.

Rezwan said this at a meeting with members of Kolkata Chamber of Commerce during the first day of his visit to India on Wednesday, said a press release.

A 47-member business delegation from Dhaka Chamber of Commerce and Industry led by Rizwan Rahman is now visiting Kolkata, India to explore new business potentials.

During the first day of this visit, the delegation had an industry interactive meeting with the members of Calcutta Chamber of Commerce at a hotel in Kolkata. 

President of Calcutta Chamber of Commerce Shailja Mehta said India is the biggest trade partner of Bangladesh in South Asia. Toward achieving advantageous trade figures, both the nations need to diversify trade with active industry participation.

She also said that better market access, improved physical connectivity and transit and energy trade between India and Bangladesh are important instruments for unlocking bilateral trade potential. She also termed tourism as one of the important area where there are huge potential to tap into. 

President of DCCI said that the bilateral trade between Bangladesh and India hovers within US$ 9.87 billion having a potential of US$ 16.4 billion forecast by the World Bank.

He also invited Indian entrepreneurs to invest in the EZs in Bangladesh that are already completed for operation.

Pharmaceuticals, footwear, energy, food processing, light engineering, ICT are some of the areas where Indian investors can tap the opportunities, he said.

Deputy High Commissioner of Bangladesh to Kolkata Andalib Elias was also present on the occasion.

Later, an interactive B2B match-making was organised where members of Dhaka Chamber’s business delegation and Calcutta Chamber of Commerce took part.