Monday, 29 May, 2023

Indian chamber, BEZA discuss investment potentials

  • Staff Correspondent
  • 21 March, 2023 12:00 AM
  • Print news

Bangladesh Economic Zones Authority and Bharat Chamber of Commerce leaders held a views-exchange meeting in a bid to enhance trade and investment between the two neighbouring nations.

BEZA Executive Chairman Shaikh Yusuf Harun chaired the meeting, where a 10-member BCC delegation led by its president NG Khaitan attended.

At the meeting held on Monday, BEZA General Manager (Admin) Mohammad Hassan Arif made a power point presentation on BEZA activities.

Bangladesh Chamber of Industries (BCI)  president Anwar-ul Alam Chowdhury was also present, said a press release.

BEZA executive chairman told the meeting that BEZA was working  to achieve $40 billion additional export earnings by 2030 in line with a directive of Prime Minister Sheikh Hasina.

 He informed that two dedicated economic zones, one in Mongla and another in Chattogram, were being set up for only Indian investors to further cement economic ties between the two neighbouring countries.

“It is also trying to create Indian investment facilities in some of the frontier districts, including Kushtia, Nilphamari and Panchagarh,” he added.

“Some 38 companies have already started commercial production at the economic zones, including five at government economic zones and 33 at private economic zones,” the BEZA chief pointed out.

 He went on saying that Bangladesh already received a $18.23 billion investment proposal for the country’s first planned and smart industrial park –Bangabandhu Sheikh Mujib Industrial Park.

BCC leaders exchanged views on issues like tax holiday, nature of investment, export-import rules, among others.

 NG Khaitan hoped that Bangladesh would be able to establish links to other Asian nations through its economic zones.

The Indian business delegation also held meetings with the Bangladesh commerce ministry, Bangladesh Investment Development Authority and the trade bodies.