India keen to establish greater economic ties with Bangladesh | The Daily Star
12:00 AM, October 30, 2020 / LAST MODIFIED: 02:11 AM, October 30, 2020

India keen to establish greater economic ties with Bangladesh

Newly appointed envoy says

India wants to establish greater economic ties with Bangladesh by giving local exporters better access to Indian markets, newly appointed Indian High Commissioner Vikram K Doraiswami said yesterday.

Bangladeshi food and non-food items can utilise the huge opportunity to enter Indian markets by receiving standard certifications from the Indian authorities concerned.

Many foreign companies have been exporting food and non-food items to Indian markets by fulfilling the conditions of food standards, the Indian envoy said.

In such cases, Bangladeshi companies also have the opportunity to explore and exploit the Indian market, he added.

Doraiswami made these comments during a meeting with Bangladesh's Industries Minister Nurul Majid Mahmud Humayun at his office in Dhaka.

Doraiswami also offered Bangladesh to make the most of the sizeable expertise of Indian firms for the development of Bangladesh's automobile industry, light engineering sector, agri-machinery and active pharmaceutical ingredient sector.

The envoy also said that India wants to mutually develop those sectors in Bangladesh, not as a competitor as India has huge experience in those sectors, the industries ministry said in a statement yesterday.

During the meeting, issues like increasing bilateral trade, export of Bangladeshi goods to Indian markets and trade through land ports between the two countries was also discussed.

They also shed light on the easing of rules for exporting goods from Bangladesh and mutual recognition of the certifications of standards of goods, according to the statement.

Humayun said the bilateral relationship between the two countries is like a blood bond.

Bangladesh will work together with India in regards to different regional and international issues, the minister said.

Humayun said his government has been working sincerely to increase trade with India.

He assured that Bangladesh will utilise the Indian expertise in development of different growing industrial sectors. 

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