Business

Indian investors urged to invest in ready EZs in Bangladesh


Published : 26 May 2022 08:57 PM

President of Dhaka Chamber of Commerce & Industry Rizwan Rahman invited Indian entrepreneurs to invest in the EZs in Bangladesh that are already completed for operation. 

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

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

He was addressing a industry interactive meet with the Calcutta Chamber of Commerce on Wednesday at a Hotel in Kolkata on the first day of DCCI delegation's visit to India.    

The leader of the Business delegation said that the bilateral trade between Bangladesh and India hovers within USD 9.87 billion having a potential of USD 16.4 billion forecast by the World Bank. 

DCCI President also said  initiative of signing comprehensive economic partnership agreement (CEPA) between India and Bangladesh will usher a win-win situation for both end businesses, he added. 

Later he also sought joint collaboration on different non-tariff issues which hinders our business scopes. 

During the meeting 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.  

Deputy High Commissioner of Bangladesh in Kolkata Andalib Elias was also present on the occasion and he said that there is a trade deficit between the bilateral trades but it is decreasing day by day. During the last five to six years the bilateral trade has multiplied about 2.5 times, he added. 

He termed trade facilitation is a big issue and the High Commission is working with the government and private sector here in Kolkata to enhance it more.   

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