Monday, 4 July, 2022

DCCI invites Kolkata businessmen to invest in EZs

DCCI invites Kolkata businessmen to invest in EZs

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Dhaka Chamber of Commerce and Industry (DCCI) President Rizwan Rahman called upon the entrepreneurs in Kolkata to invest in economic zones of Bangladesh.

“Indian investment in Bangladesh is $3.55 billion so far. In order to ensure a win-win situation, comprehensive economic partnership agreement (CEPA) can be signed,” said Rizwan Rahman during a meeting with a cabinet minister of West Bengal on Friday. 

He requested the authorities to address the prevailing non-tariff barriers, relax the rules of origin and withdraw the anti-dumping duty to facilitate trade and investment.

The visiting DCCI delegation also called on West Bengal Minister for Industry, Commerce and Enterprises Dr Partha Chatterjee and West Bengal Industrial Development Corporation Chairman Rajiva Sinha, said a press release on Saturday.

During the meeting with Dr Partha Chatterjee, DCCI president said the lead time of export and import is increased due to lack of adequate infrastructure of the land ports.

The minister urged the DCCI to initiate a joint study with its Indian counterparts to identify opportunities, challenges and weaknesses in the existing operation of trade and commerce between the two neighbouring countries.

He said that Bangladesh is good at finished jute products and textile is a potential area where investors of both countries have good potentials to explore.

DCCI delegation held a meeting with West Bengal Industrial Development Corporation Chairman Rajiva Sinha later on the day.

In the meeting, Rajiva Sinha said both the countries have to improve transportation system to boost bilateral trade and take it to the expected level.

“Private sector should identify the problems of doing business and the government should respond to these issues with policy supports. More railway supports will play a vital role in goods transportation,” he said.

 A business to business meeting was also held between DCCI and Industries and Bengal Chamber of Commerce and Industry (BCCI).

BCCI President Designate Subir Chakraborty said the connectivity has been central to India’s investment in Bangladesh.

India has a focus on building infrastructure connectivity between its north eastern region and Bangladesh.

The DCCI delegation also conducted separate meetings with Tourism Department Principal Secretary Nandini Chakravorty and officials of Kolkata Port Trust.