Confederation of Indian Industry, one of the largest trade bodies of the country, will work for increasing Indian investment to Bangladesh.
The CII on Wednesday inked an agreement with the Board of Investment in this regard. BoI executive chairman SA Samad and Shekhar Dutta, senior vice-president of the CII, put pen on the agreement paper on behalf their respective organisation at a ceremony at BoI.
Under the agreement, the CII will motivate the Indian businessmen to invest in the country’s potential sectors.
SA Samad said will assist the Indian businessmen so that they could get approval for investment easily in Bangladesh.
‘The investment procedure in Bangladesh is more easier compared to the previous, and now a very investment friendly atmosphere is prevailing in the country,’ he said.
The BoI executive chairman requested the Indian businessmen to invest in the country’s immense potential sectors such as power, energy, pharmaceuticals, RMG, IT and real estate sectors.
Sandeep Chakravarty, Indian deputy high commissioner to Dhaka, was also present at the ceremony. He said Bangladesh has immense potentiality and opportunity for investment and business.
‘Businessmen of both the countries could work together to boost the bilateral trade.’
Chandrajit Banerjee, director general of the CII, said that they have 64 branches across the India as one of the largest trade body.
He hoped that they would make enthusiastic the Indian businessmen to invest in Bangladesh.
-With New Age input
