State Minister for Industries Kamal Ahmed Mojumder on Thursday sought Indian continuous support for the country's industrialisation.
"During the Liberation War, India provided all sorts of support. Since the Liberation War, the neighboring country has been co-operating us in our development. I hope that India will continue its support in the country's industrialisation," he said.
The state minister said this while speaking as the chief guest at the inauguration of the day-long 'India-Bangladesh Auto Component Show 2022' held at the InterContinental hotel here. Supported by High Commission of India, Automotive Component Manufacturers Association of India (ACMA) in association with Bangladesh Automobiles
Assemblers and Manufacturers Association (BAAMA) and Indian Commerce Ministry organised the event for the promotion of automobile components manufacturing sector in Bangladesh. Indian High Commissioner in Dhaka Vikram K Doraiswami attended the inaugural session as the guest of honour.
In his speech, Kamal Ahmed Mojumder urged the Indian investors to invest in Bangladesh as the government is providing all sorts of support to the investors in the country.
"There is a huge opportunity for Indian investments in the automobile sector of Bangladesh," he added.
He hoped that the Bangladesh would become self-reliant in production of automobile parts within the next five years.
In the last 50 years, Vikram K Doraiswami said, Bangladesh and India have enjoyed a golden chapter of bilateral relations.
"India and Bangladesh relationship in the 50 years have reached in the level of maturity and in the level of high quality relationship," he added.
He mentioned that the trade relationship between the two friendly nations is on growth and the import and export activities between the two countries have been increased.
He said not only politics but trade will also be a key driver for stronger
Bangladesh-India ties in the next 50 years. President of India Bangladesh Chamber of Commerce and Industry (IBCCI) Abdul Matlub Ahmad, among others, spoke on the occasion. Abdul Matlub Ahmad informed that Bangladesh's automobile sector is still 95 percent dependent on imports.
So, the people of Bangladesh are paying extra money as import duties on commercial vehicles are very high, he added.
He urged the Indian vehicle and parts manufacturing companies to invest in Bangladesh.
