Home / Knowledge / News / Textiles / Indian FDI to reach $9b in future: Bangladesh minister

Indian FDI to reach $9b in future: Bangladesh minister

Jan '20
Pic: Shutterstock
Pic: Shutterstock
Foreign direct investment (FDI) from India to Bangladesh will likely reach $9 billion in future because of several agreements signed during Prime Minister Sheikh Hasina’s visit to India in April 2017, according to industries minister Nurul Majid Mahmud Humayun, who recently said total Indian investment in Bangladesh is worth $3.11 billion now.

Indian investments in Bangladeshi products that could be exported back to India might help diversify Bangladesh’s export basket, reducing the trade deficit in the process, said Humayun, adding that investment is a crucial aspect of bilateral relations.

Humayun was speaking at the opening ceremony of the INDEE Bangladesh 2020 in Kuril. The INDEE, or Indian Engineering Exhibitions, is one of the largest engineering expositions in the world, according to report in an English-language daily in Bangladesh.

The Engineering Exports Promotion Council (EEPC) of India, the premier trade and investment promotion organisation of the country, organised the three-day trade show in association with the commerce and industry ministry of India and the High Commission of India in Bangladesh.

Bangladesh has emerged as a major trading partner of India with bilateral trade exceeding $10 billion. The value of Bangladeshi exports to India crossed the $1 billion-mark in 2019.

More than 120 Indian companies participated in the event.

Fibre2Fashion News Desk (DS)

Must ReadView All

Pic: Shutterstock

Apparel/Garments | On 21st Feb 2020

France unveils environment score system for apparel

France has launched a system under which apparel may now display a...

Pic: Shutterstock

Textiles | On 21st Feb 2020

Indian textiles ministry to back small-scale firms

The Indian textiles ministry will contact small-scale manufacturers...

Pic: Shutterstock

Fashion | On 21st Feb 2020

Sycamore Partners buys 55% stake in Victoria's Secret

Sycamore Partners has acquired a 55 per cent stake in Victoria's...

Interviews View All

Janak Dhamanwala & Sunil Dhamanwala, Jansun

Janak Dhamanwala & Sunil Dhamanwala

Moving towards sustainability is also a social change

Smita Murarka, Amanté

Smita Murarka

‘There is huge demand in the Indian lingerie market for non-wired styles.’

Top executives, Textile industry, India

Top executives
Textile industry, India

The event should be organised every year

Cong Zheng,

Cong Zheng

The China Textile Machinery Association (CTMA) is a social-economic...

Iacopo Pardini,

Iacopo Pardini

Founded in 1953, Italian engineering company Arioli Spa started...

Wolfgang Muller,

Wolfgang Muller

Mayer & Cie is a leading global manufacturer of circular knitting...

Shujaul Rehman, Garware Technical Fibres

Shujaul Rehman
Garware Technical Fibres

Garware Technical Fibres Ltd (formerly Garware-Wall Ropes Ltd) is a...

Ray Baughman, University of Texas -Dallas

Ray Baughman
University of Texas -Dallas

<div>A team of scientists and researchers have discovered twistrons,...

Dave Rousse, INDA

Dave Rousse

INDA, the Association of the Nonwoven Fabrics Industry, serves hundreds of ...

Igor Chapurin, Chapurin

Igor Chapurin

"Now we can see the Russian trend in international fashion. And Russian...

Niti Singhal, Twee In One

Niti Singhal
Twee In One

Best known for convertible clothing, Indian brand Twee In One by designer...

Bani Batra,

Bani Batra

Bani Batra’s couture wedding collection is inspired by traditional Indian...

Press Release

Press Release

Letter to Editor

Letter to Editor

RSS Feed

RSS Feed

Submit your press release on


Letter To Editor

(Max. 8000 char.)

Search Companies


Leave your Comments

February 2020

Subscribe today and get the latest update on Textiles, Fashion, Apparel and so on.

Advanced Search