Published On:October 23 2007
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Indian businesses keen to invest in Bangladesh

A visiting delegation of the Confederation of Indian Industries Monday expressed interest for making investment in power generation, engineering consultation, glass manufacturing, and health and beauty care sectors in Bangladesh.

The Indian business team, headed by Shreekant Somany, showed the interest when they met with foreign adviser Iftekhar Ahmed Chowdhury at the latter’s office in Dhaka on Monday afternoon.

During the meeting, they made an observation that visa regime for the businessmen might be eased for facilitating Indian investment in Bangladesh.

The adviser told the Indian business leaders that Bangladesh wanted investment from all countries, including her friendly neighbour India.

‘The situation now is absolutely appropriate for making investments in Bangladesh,’ he added.

Iftekhar also suggested that the Indian authorities should provide greater access of Bangladeshi products to the Indian market, which would help reduce the existing wide trade gap between the two countries.

After the meeting, Somany told the newsmen that they were keen to invest in various sectors of Bangladesh, and also added that investment from Bangladesh would be looked into by the Indian government.

Indian high commissioner Pinak Ranjan Chakraborty and director general of the South Asia wing in foreign ministry Mahbubzaman were present during the meeting.

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