DHAKA: A high-level Indian CEOs Mission had arrived Dhaka Friday on a 3-day tour to further deepen economic and investment relations and strengthen trade and business ties between two neighboring countries.
The 14-member business delegation is being headed by CII President Adi Godrej and includes companies such as Ashok Leyland, Bajaj Auto, Wockhardt, Tata Power and Max Healthcare, the chamber said in a statement today.
Industry body CII is leading a business delegation to here to brace commercial ties with the country.
The trade between the two nations is about USD 4.3 billion. However, the trade balance is in favour of India.
The chamber said that for a sustainable bilateral exchange, Bangladesh needs to diversify exports to India.
India`s exports to Bangladesh mainly include cotton, mineral fuels, automobiles, iron and steel and organic chemicals. India`s imports from here comprise paper yarn, cement, copper and fertilisers.
CII said there are lots of investment opportunities in Bangladesh mainly in sectors like agriculture, automobiles, infrastructure, FMCG, healthcare and education.
President of India-Bangladesh Chamber of Commerce and Industries (IBCCI) Abdul Matlob Ahmad said, “The visit of the Indian CEOs Mission seems potential for the Indian investment in the country.”
He came up with the observation in a meet the press programme held at city’s Pan Pacific Sonargaon Hotel Friday.
The Mission is follow-up of the meeting with Prime Minister Sheikh Hasina in Tripura earlier this year and will endeavor to take the initiatives forward.
It is expected that the meetings will provide an opportunity to identify potential areas of growth, enabling policy measures to achieve the objectives, and challenges that need to be addressed for optimizing economic relations, investment, trade and business-to-business relationships between the two countries.
This visit will provide a useful platform for key stakeholders to better understand the business opportunities that exist in two countries.
BDST: 2055 HRS, JUL 20, 2012
Edited by: Abul Kalam Azad, Newsroom Editor
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