Hasina urges Indian businesses to invest in Bangladesh- The New Indian Express

By ITP

NEW DELHI: Bangladeshi Prime Minister Sheikh Hasina has urged Indian companies to invest in her country’s infrastructure projects, manufacturing, energy and transportation sectors.

During her four-day state visit to India, Hasina made the presentation to attract Indian investors to Bangladesh at a business event organized by the Confederation of Indian Industries (CII) on Wednesday.

“Bangladesh is uniquely located to export its products to Northeast India, Bhutan and Southeast Asian countries and various initiatives have been taken to increase connectivity,” he said.

Speaking at the meeting of select executive directors organized by CII, the prime minister of Bangladesh said: “I urge Indian investors to consider possible investments in infrastructure projects, manufacturing, energy and transport sectors. Indian investors and Trading houses can set up industries in Bangladesh through buy-back agreements by reducing time, cost and resources.”

Furthermore, he stressed that “Bangladesh is uniquely positioned to enable Indian investors to export their products not only to the Northeast states of India, but also to Nepal, Bhutan and Southeast Asian countries.”

Hasina stressed that Bangladesh has the most liberal investment regime in the region with a wide range of facilities, attractive incentive policies and consistent reforms.

“Currently, 100 Special Economic Zones and 28 High-Tech Parks are being established for diversity of industry, employment, production and export,” he said.

He noted that two dedicated Special Economic Zones were being developed for Indian investors in Mongla and Mirsarai.

“I would encourage the business houses present here today to invest there. It would further pave the way to harness the goodwill of the two friendly countries and bring economic prosperity to the region,” he stressed.

G Kishan Reddy, Minister of Northeast Region Development, Tourism and Culture, said that bilateral trade in the recent past has witnessed a quantum leap. “Bangladeshi’s exports for the first time reached $2 billion this year. India is now Bangladesh’s largest export destination in Asia,” he added.

The minister pointed out several sectors for potential cooperation between India and Bangladesh, including fiber and fashion design, handicrafts and handlooms, food processing, agricultural products, etc.

CII President Sanjiv Bajaj discussed energy and infrastructure and how connectivity can be used for shared prosperity.

He further said that India’s experience with Digital India should be leveraged to better synchronize it with Digital Bangladesh to deliver more digital and financial inclusion.

Bangladesh is a rising power in the field of ICT and companies from both sides should establish partnerships in newer technologies such as nanotechnology, robotics, Internet of things, cyber security and artificial intelligence, among others, he stressed.

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