India-Bangladesh ties, connectivity create new trade opportunities: Riva

Indian High Commissioner here Riva Ganguly Das today said excellent India-Bangladesh bilateral relations and recent connectivity initiatives in railways and inland waterways created new business opportunities as these reduced trade cost between the two neighbouring countries.

“With resilient economies and robust business environment, both the countries will not only be able to deal with present challenges but also make use of new opportunities” an Indian high commission press release said here quoting the Indian envoy.

The Indian high commissioner was speaking at a webinar titled “India-Bangladesh Partnership– Economic revival in a post Covid-19 world”, organised by High Commission of India in Dhaka in collaboration with India- Bangladesh Chambers of Commerce & Industry (IBCCI), attended by 100 industry leaders.

Ganguly urged the Indian business leaders that given the excellent manufacturing environment, vibrant demography and favorable investment atmosphere, opportunities for collaboration and joint ventures should be explored including for exports to third countries.

She highlighted the “Atmanirbhar Bharat” scheme under the leadership of Indian Prime Minister NarendraModi under which a 21 trillion rupees stimulus package was declared.

The scheme will accelerate infrastructure development, support rural economy and cottage industries, boost Micro, Small and Medium Enterprises, improve opportunities for foreign traders and investors, accelerate agriculture mechanization in India, she added.

Saying that the scheme will help India to become part of global value chains in collaboration with partner countries, Ganguly she said it opens huge opportunities for Indian and Bangladesh businesses to look at sector where they can collaborate.

IBCC president Abdul Matlub Ahmed underlined the need to capitalize on the new opportunity given to both the nations through mutual trust and cooperation.

“The change in the world economic scenario is pushing India and Bangladesh as the land of great investment opportunities,” he said.

He also emphasized on the need for more investments, integration, cohesion, capacity building and knowledge sharing in the South Asian region to build robust trade network.

:BSS