July 22, 2012 8:04 PM

printer

A CII CEOs mission led by CII President Mr. Adi Godrej on Sunday mooted a proposal to set up a special economic zone for Indian companies to invest in Bangladesh. Briefing reporters about the discussions held with Bangladesh's Ministers for Finance, Industries and Foreign Affairs in Dhaka today, CII President Mr. Adi Godrej said that the delegation of CEOS has suggested the setting up of a special economic zone for Indian investors where companies can be set up to manufacture products for Bangladesh and also export to the Indian market, especially Northeast India and other markets of the world. Expressing happiness at the response of the Bangladeshi leadership to the delegations proposals and suggestions, Mr.Godrej said that there is tremendous potential for enhancing investment and trade ties between India and Bangladesh and added that Indian companies are keen to invest in sectors like Information technology, education, health, fertilizer, steel and power. President of the Dhaka based India-Bangladesh Chamber of Commerce and Industry Mr. Abdul Matlub Ahmad said an Indian delegation on renewable energy would be visiting Bangladesh soon to explore business opportunities in this sector. During the discussions with the CII delegation at her office in Dhaka on the last day of their three day tour, Bangladesh Foreign Minister Dr. Dipu Moni said that the government is following a very liberal policy on foreign investment and would welcome Indian investors in Bangladesh. She emphasised that there are multiple sectors that the Indian private entrepreneurs could explore for investing or setting up joint venture companies, particularly in areas such as hospitality, tourism, power, infrastructure, health care, RMG and textiles, ICT and telecommunications for mutual benefit.

Most Read
View All arrow-right

No posts found.