India should give even more market usage of Bangladeshi goods: FBCCI
Bangladesh wants more recycleables from India to improve creation for both countries through the coronavirus pandemic.
The interdependence between Bangladesh and India has been growing because of increased trade of recycleables for professional production in Bangladesh.
India is a significant supplier of natural cotton to Bangladesh and at the same time is becoming a significant garment export destination for Bangladesh. As such the Federation of Bangladesh Chambers of Commerce and Sector (FBCCI) has discovered the value addition running a business as equipment for production of both countries during the coronavirus pandemic.
Sheikh Fazle Fahim, FBCCI president demanded more industry usage of Bangladeshi goods, specifically for light engineering, agro-processing, chemicals and apparel to India.
Fahim made the comments during a virtual conversation on emerging business, investment opportunities and the underlying challenges of bilateral trade between Bangladesh and India during the pandemic.
The Confederation of Indian Industry (CII) organised the discussion today titled 'Digital Conference on Employing Bangladesh: Opportunities and Challenges'.
"Found in 2019, we yielded $9billion found in bilateral trade," Fahim said.
Fahim said Bangladesh has recently pledged 1.5 million USD to the SAARC Covid-19 Emergency Fund.
"From FBCCI we anticipate working closely with this Indian counterparts to handle the new challenges and seek your support and cooperation found in rebuilding and recovering from this crisis," Fahim said.
"An MOU between FBCCI and CII can be an initiation of targeted and focused cooperation to increase on bilateral worth chain initiative (BVCI) beyond our countries," he added.
Riva Ganguly Das, Indian Superior Commissioner to Bangladesh going to the webinar said, "Both countries have expanded infrastructure between both lands to make sure simple import and export. We've more alternatives to empower bilateral trade by capitalising on that designed infrastructure. For example, the huge rail network between your two-nation could be a good case in point. The export and import of things through the rail network can be beneficial for both nation.
Abdul Matlub Ahmad, the President of India Bangladesh Chamber of Commerce and Industry expressing his remarks on the issue stated, "The trade and business community has been thriving on the subject of the friendship between the two countries-a relationship which has resulted in the development of both nations both politically and economically. We are able to do a lot more."
Md Sirazul Islam, Executive Chairman, Bangladesh Investment Advancement Authority said, "India and Bangladesh are countries that share common roots. It is our closest neighbor and the best of allies whose contribution inside our Liberation War in 1971 is simply unparalleled in the history of Nations. You want to further cement our alliance for our shared monetary curiosity and for the nice of our people."
Shri V Muraleedharan, the Union Talk about Minister of Exterior Affair of India said, "Bangladesh has been the largest South-Asian ally. The leaders of both nation have undertaken different infrastructural transformational projects that contain incurred business expansion regarding import and export between the countries. We have seen a successful relation within the power and strength sector and both the country can capitalise on a lot more."
