India wants better trade, investment ties with Bangladesh: Envoy

08 Feb '22

1 min read

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India wants to improve trade and investment ties with Bangladesh in garments, logistics, food processing and automobiles, according to Indian high commissioner in Dhaka Vikram K Doraiswami, who recently met Federation of Bangladesh Chambers of Commerce and Industries (FBCCI) president Mohammad Jashim Uddin and sought FBCCI cooperation to boost bilateral trade.

Jashim Uddin said development of the logistics sector is the prime agenda of FBCCI, which is working to submit a 12-year plan to the government for developing logistics.

In the last 12 months, Bangladesh-India trade has increased by 94 per cent.

The FBCCI president said India could be a major supplier of yarn and cotton to the garment industry in the near future and called for developing infrastructure in the Indian part of the border land ports to boost trade, according to Bangla media reports.

Informing that another new gate would be opened soon at the Petrapol land port to facilitate the movement of trucks, the Indian ambassador assured that development work for other land ports would be undertaken if these are permitted to trade more goods.

Fibre2Fashion News Desk (DS)

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