Bangladesh, India to boost cooperation in industrialisation, investment | 2017-12-01 |

Bangladesh, India to boost cooperation in industrialisation, investment

India keen to conclude Teesta deal with Bangladesh

Sun Online Desk     1st December, 2017 09:57:47 printer

Bangladesh, India to boost cooperation in industrialisation, investment


Bangladesh Industries Minister Amir Hossain Amu and Indian Commerce and Industry Minister Suresh Prabhu on Friday sought to explore ways to enhance cooperation between the two countries to facilitate further investments to boost industrialisation.


Referring to Bangladesh’s investment-friendly environment, Amu invited Indian investors to invest more in Bangladesh’s industrial sector.


Amu made the urge while holding meeting with Indian Minister Suresh Prabhu at his office in New Delhi.


Both the ministers resolved to convene a joint event in Dhaka in February, 2018 to promote industrialisation in Bangladesh.


Besides, the Indian Minister proposed to carry out joint study on products exported by both countries to complement each other and attain synergy.


When asked on signing Teesta agreement, Prabhu informed that Prime Minister Narendra Modi is very keen to conclude the agreement, according to Bangladesh High Commission in New Delhi.


He hailed the leadership of the two countries for successful completion of Land Boundary Agreement and exchange of enclaves, and thereby taking bilateral relations to a newer height.


Prabhu, a former environment minister, also showed eagerness for joint conservation of Royal Bengal Tigers in Sundarbans.


Earlier, Amu delivered the key note speech at a session titled “Integration of SMEs in Global Value Chain (GVC) - Challenges and Opportunities” at the 21st International Conference on Small and Medium Enterprises being held in New Delhi.


In his address, he particularly focused on three overarching themes - importance of Small and Medium Enterprises (SMEs) for inclusive growth, ways for integration of SMEs into Global Value Chains (GVCs) and actions to foster deeper participation in GVCs.


He said, “We have achieved remarkable progress in the areas of the MDGs, despite many hurdles under the directive and guidance of Prime Minister Sheikh Hasina.”


Terming the SMEs as striving forces for Bangladesh’s economy, the industries minister said, “Our SME sector represents more than 90 percent of enterprises in the country, contributes around 25 percent of GDP, 23 percent of total employment (including agriculture), 80-85 percent in industrial employment and 75 percent of household income.”


Source: UNB