Bangladesh high commissioner to India Syed Muazzem Ali recently urged Indian companies to boost their investment his country to reap the benefits of the business-friendly environment there. Speaking at the Pondicherry Global Economic Summit and the Fifth World Tamils Economic Conference Pondicherry, he suggested establishment of a series of buy-back projects.
Ali urged Indian investors to take advantage of Bangladesh's competent labour costs and closer proximity to markets in India’s north-east.
The projects would involve Indian investors setting up industries in Bangladesh and re-exporting to India and some other neighbouring countries, a Bangla news agency quoted the envoy as saying.
Joint projects may also be taken up, he said. (DS)
Fibre2Fashion News Desk – India