Business

BD, India pursue economic integration with neighbours


Published : 15 Oct 2020 07:03 PM | Updated : 15 Oct 2020 07:03 PM

Speakers at a virtual conference  opined that Bangladesh and India pursue economic integration with the neighboring countries in South Asia.  

 LEADS 2020, a unique multi-faceted 4-day global thought leadership initiative, has recently organized the virtual conference to evolve a shared vision among global leaders, to reimagine economic growth in on the pillars of globalization. 

The program titled, ‘South Asia Session Reimagining Neighbourhood Economic Integration’, invited stakeholders from 100 countries entailing Bangladesh.

Sheikh FazleFahim, the President of FBCCI; SmritiIrani, Union Cabinet Minister for Textiles, Women & Child Development, Govt. of India; Dr. Sangita Reddy, President, FICCI; Junaid Ahmad, India Country Director, South Asia, World Bank; Ambassador SunjaySudhir;  BhawaniRana, President, FNCCI; Ismail Ghazanfar, Chairman, Federation of Afghan Chambers;  NishalFerdinando, CEO, JAT Holdings, Sri Lanka;  IndraniBagchi, Diplomatic Editor, The Times of India;  DilipChenoy, SG, FICCI; and  Sushma Nair, Director- South Asia & Multilaterals, FICCI spoke during the occasion. Commemorating the 100th anniversary of the Father of the Nation during the occasion, the FBCCI President said, “As you are all aware, from 1947 till 1971 through democratic movement milestones of 1952, 1956, 1962, 1964, 1966, 1969, the election of 1970 with 98% absolute majority in parliament in East Pakistan preceded by 1971 war of independence, where we emerged as an independent nation. 

During this long time, Bangabandhu Sheikh MujiburRahman laid the foundation of our long proven humane relations with India, Bhutan, Nepal, South Asia, Russia, Germany, among other 150 nations. We are indebted to the people of India through their mandate to the then parliament for hosting 10 million Bangladeshis during our war of independence in 1971. I cannot emphasize enough on our inseparable heritage and humane ties in hearts and minds.

“Since 2008, we are experiencing shining examples of a positive trend for greater engagements and cooperation in culture, trade, investment, and sports; acknowledging challenges that contradict. Our leaderships’ shared values for their constituent’s sustainable growth is a reflection of our relationship today,” he further added. Highlighting Bangladesh’s success and development even during an unprecedented pandemic Fahim further stated, “We invested US$70bn+ to update our industrial ecosystem evident in infrastructure, 100 EZ, high tech parks, multimodal connectivity, and trade logistics by air, roads, rail & waterways, among other developments.” “In the next normal, cooperation between us is not limited to bilateral or regional only but globally and beyond. Bangladesh's position in regional cooperation and beyond can serve as a conduit between East Asia, Southeast Asia, and South Asia and beyond,” he added.

SmritiIrani, Union Cabinet Minister for Textiles, Women & Child Development, Govt. of India said, “It is time to reimagine economic integration in our region with the advent of the pandemic. The region has immense political, cultural, and interdependence as well as co-operation. It is our shared identity that can enable economic growth through investment opportunities such as manufacturing goods economically."