Indian investors urged to launch joint ventures with Bangladesh
UNB
Bangladesh High Commissioner to India Syed Muazzem Ali yesterday urged the Indian investors to launch joint venture projects in Bangladesh for mutual benefits of the two close neighbours, reports UNB.
Bangladesh has a huge skilled and semi-skilled young workforce, and the country offers attractive incentives for the development of joint venture projects.... on a buy back basis, the High Commissioner said at the inauguration of the Silver Jubilee of the International Guwahati Trade Fair in Guwahati, Assam.
He said the Indian investors should take advantage of our cheaper labour costs and closer proximity to North-East markets to set up industries in Bangladesh and export the products to India.
North-Easts abundant natural resources and raw materials can be imported to Bangladesh for value addition and
re-exported to India or elsewhere.
This is taking place but needs to be done on a much larger scale for a win-win situation, the envoy said.
Muazzem Ali referred to Bangladeshs growing cooperation with Indias North-East, according to Bangladesh High Commission in New Delhi.
He said, Our opportunities are endless-once we are able to realise these, it would enormously contribute to taking the overall Bangladesh-India bilateral relations to a greater height.
He hoped that Industries and Trade Fair Association of Assam (ITFAA) would play a very effective role in further strengthening the Indo-Bangladesh economic integration, especially with the North-east region.
Saying that both Bangladesh and India are growing fast he called for combing the synergies of the two countries.
If we can combine our synergies with that of India, India can emerge as a great contributor to the faster economic growth of Bangladesh as well as for the region, through effective cooperation, he said.
Muazzem Ali stressed the need for further exploring the potentiality of cooperation between Bangladesh and India.
