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‘India is ready to extend continuous support to develop Information Communication Technology (ICT) and any other industrial sector in Bangladesh’

india-bangladesh-flag-2Bangladesh and India are trying to give a new impetus to bilateral trade and investment as soon as a new government assumed office after the January 5 national election.

The efforts on the initiative already made as Indian High Commissioner to Bangladesh Pankaj Saran met Industries Minister Amir Hossain Amu in Dhaka yesterday to express their willingness to further boost the economic relation. He is also scheduled to meet Commerce Minister Tofail Ahmed today.

“Bangladesh will very soon prepare a priority list for the potential fields of bilateral industrial cooperation,??? Amu said, according to a statement.

He urged that the Indian authorities to take steps to remove the existing non-tariff barriers for Bangladeshi products in their market to help reduce huge trade gap between the two countries.

The trade gap tilted to India heavily. Bangladesh imported Indian goods worth $4.74bn in the FY13 against the exports of $563.96m, making trade gap of $4.17bn, according to trade bodies.

The minister sought cooperation from India on taking small and medium industries to a new height as the government has been giving special emphasis on this sector.

The Indian envoy put importance on initiating talks between the trade bodies of the two countries to further boost bilateral trade and investment.

“India is ready to extend continuous support to develop Information Communication Technology (ICT) and any other industrial sector in Bangladesh,??? he said.

Bangladesh could build a strong ICT sector by utilising the huge potential of the innovative young generation.

Urging the government to facilitate Indian investment, the Indian envoy said reputed entrepreneurs in India are keen to invest in Bangladesh.

Lauding the development of pharmaceuticals and small and medium enterprises sectors in Bangladesh, he said Bangladesh should prioritise manufacturing sector to reduce dependency on the import and to foster qualitative development in the industrial sector.

Other issues related to the bilateral industrial cooperation, including the industrial policies of Bangladesh and modernisation of Bangladesh Standards and Testing Institute (BSTI) came up for discussion.

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Source: Dhaka Tribune

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