Huge potential for Indian biz to collaborate with B'Desh in MSME sectors, says Pranab Mukherjee
Updated: Nov 19, 2015 03:23:51pm
New Delhi, Nov 19 (KNN) There exists huge potential in the MSME sector for Indian businessmen to collaborate with Bangladesh in the areas such as food processing, light engineering goods, ship building and auto components, said President Pranab Mukherjee.
“Indian and Bangladesh businessmen are already collaborating in fields such as readymade garments, textiles, leather and pharmaceuticals. There exists huge potential for doing same in food processing, light engineering goods, ship building and auto components,” Mukherjee said while delivering the Cavalry Memorial Lecture organized by the Cavalry Officers’ Association here on Wednesday.
President said that the full potential of SAARC is yet to be realized. “We must look at a shared future leaving behind the divisions of the past,” he said.
Mutually beneficial arrangements allowing movement of goods from Bangladesh through India to Nepal and Bhutan and from mainland India through Bangladesh to India’s North-east have been worked out.
“South Asia should become an integrated market. A seamless assembly line as well as regional value chains for global markets should be created,” he said.
The President said Indian investments in Bangladesh will help to create jobs and upgrade technology. These will make Bangladesh economy more competitive and increase exports. Indian investments in Bangladesh will help to create jobs and upgrade technology. These will make Bangladesh economy more competitive and increase exports.
“It is for this reason that the two Governments have agreed to cooperate to set up an Indian Special Economic Zone in Bangladesh. This is another big step forward towards restoring historic connections between our business communities, which will serve both well,” Mukherjee said.
The President said Bangladesh and India must come together as large consumers to develop and purchase cheap and clean energy. There is huge untapped potential to develop renewable energy like solar and wind. (KNN Bureau)
“Indian and Bangladesh businessmen are already collaborating in fields such as readymade garments, textiles, leather and pharmaceuticals. There exists huge potential for doing same in food processing, light engineering goods, ship building and auto components,” Mukherjee said while delivering the Cavalry Memorial Lecture organized by the Cavalry Officers’ Association here on Wednesday.
President said that the full potential of SAARC is yet to be realized. “We must look at a shared future leaving behind the divisions of the past,” he said.
Mutually beneficial arrangements allowing movement of goods from Bangladesh through India to Nepal and Bhutan and from mainland India through Bangladesh to India’s North-east have been worked out.
“South Asia should become an integrated market. A seamless assembly line as well as regional value chains for global markets should be created,” he said.
The President said Indian investments in Bangladesh will help to create jobs and upgrade technology. These will make Bangladesh economy more competitive and increase exports. Indian investments in Bangladesh will help to create jobs and upgrade technology. These will make Bangladesh economy more competitive and increase exports.
“It is for this reason that the two Governments have agreed to cooperate to set up an Indian Special Economic Zone in Bangladesh. This is another big step forward towards restoring historic connections between our business communities, which will serve both well,” Mukherjee said.
The President said Bangladesh and India must come together as large consumers to develop and purchase cheap and clean energy. There is huge untapped potential to develop renewable energy like solar and wind. (KNN Bureau)
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