Update November 15, 2015

Dhaka 11-59 pm, 09-August, 2020

Bangladesh-India joint investments underscored

Sumel Sarker


Bangladesh-India joint investments underscored

15 November 2015, Nirapad News: Business community leaders have underscored the need for joint investments of Bangladesh and India to set up industries in the private sectors to expand regional trade and commerce.

Leaders of the Confederation of Indian Industry (CII) and Rangpur Chamber of Commerce and Industry (RCCI) made the call at a views-sharing meeting organised by RCCI at its auditorium in the city Saturday afternoon.

The RCCI organised the meeting before the upcoming interactive meet styled ‘North Bengal Business Summit’ to be organised by North Bengal Zonal Council of CII at Savin Kingdom in Shiliguri city of West Bengal in India on November 30.

The main objective of the meeting was to search possibilities and prospects of setting up industries and other business establishments in northern Bangladesh and northern region of West Bengal under joint private sector ventures and investments.

Presided over by RCCI President Md. Abul Kashem, Chairman of North Bengal Zonal Council of CII Naresh Agarwal attended the meeting as the chief guest.

The Indian delegation members also included Deputy Director of North Bengal Zonal Council of CII Laksmi Limbu, its Executive Members Sanjet Saha and Kumar Protim Basu Mitra.

Former Vice-president of FBCCI Mostafa Azad Chowdhury Babu, its Director Mosaddek Hossain Bablu, President of Rangpur Women Chamber of Commerce and Industry (RWCCI) Anowara Ferdousi Poly, took part in the open discussion.

Executives, Directors and officials of RCCI and RWCCI, noted industrialists, businesspersons, civil society members, journalists from the print, electronic and online media were present.

Agarwal delivered two presentations narrating prevailing bondages between peoples of India and Bangladesh, economic progress made by Bangladesh and West Bengal in recent years, prospective sectors for joint investments and other related issues.

He invited RCCI leaders and entrepreneurs to participate in the upcoming ‘North Bengal Business Summit’ in Shiliguri city and set up a stall there to showcase the prevailing prospects of joint investments in various sectors.

Highly appreciating the CII delegation for the initiative, Mostafa Azad Chowdhury Babu said investors of both countries could look for setting up agri-based industries to begin the process for expanding business, trade and commerce in the region.

He hoped that governments of both the countries would definitely take pragmatic steps to remove some barriers prevailing in cases of private sector joint investments, including transferring of money in foreign currencies and few other barriers.

RCCI President Abul Kashem thanked CII delegation for time-befitting thoughts about joint investments to set up industries by private sector entrepreneurs in Bangladesh and West Bengal to further boost economy in the northern region.

After commissioning of regional connectivity in near future, both Bangladesh and India would be highly benefited and the process of expanding regional trade, commerce and business among India, Bangladesh, Bhutan and Nepal be accelerated fast, he said.

Later, the RCCI authority organised a colourful cultural evening at the same venue in honour of the CII delegation at night.

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