Connectivity needs improvement in North-East for robust trade with India: Bangla Minister

New Delhi, Sept 7 (KNN) The Indian industry should look at improving the markets in the North-eastern region if they are looking at investment in Bangladesh, said Tipu Munshi, Minister of Commerce of Bangladesh on Tuesday.

He invited the Indian business leaders to come and invest in Bangladesh.

“We should work together to take our relationship to newer heights,” he added while speaking at an event organised by FICCI.

The interactive session was on ‘New Horizons in India-Bangladesh Economic Relations’, said a press release.

He stated that there is a need to further improve the connectivity to facilitate trade between the two countries.

Salman F Rahman, Private Industry and Investment Adviser to Prime Minister of Bangladesh highlighted the investment potential in Bangladesh and stated, “Garments has been our dominant sector and going further, as part of our next level of growth, we are looking at export diversification.”

Rahman said that agriculture has been one of the many success stories of Bangladesh and in today’s world after the pandemic, food security has been critical for every country.

“We want to further capitalize on our manufacturing capabilities along with agro processing business in Bangladesh,” he added.

“When you (industry) look at the Bangladesh market, don’t just look at this market but combine it with the North-east market. Both, Bangladesh and North-east market offers good transit facility including road, railway and waterways and it will be a win-win for both Bangladeshi and Indian businesses,” he added.

Manoj Chugh, Chair, FICCI South Asia Regional Council and President- Group Public Affairs & Member of the Group Executive Board, Mahindra & Mahindra Ltd, Abdul Matlub Ahmed, President, India-Bangladesh Chamber of Commerce and Industry were also present during the session.  (KNN Bureau)