India is a huge market for Bangladesh: H. E. Sheikh Hasina, Hon’ble Prime Minister of Bangladesh at CII interaction

H. E. Sheikh Hasina, Hon’ble Prime Minister of Bangladesh said all over India there is a huge market and both India and Bangladesh should work together to do business. She was addressing an interaction with Confederation of Indian Industry (CII) members during her visit to India.

“All over India, there is a huge market so both the countries can work jointly and share our experiences. There is a good opportunity to do business,” the Bangladesh Prime Minister said, stressing that doing business is a key part of the bilateral relationship. She added that high importance is being given to working with India to fulfil the needs of the people.

 Bangladesh wants to expand beyond agriculture and develop its industry through Special Economic Zones, added the Prime Minister. She also invited Indian businessmen to invest in these zones. She noted that Bangladesh sees a large market in India beyond neighbouring Northeast India.

The Prime Minister mentioned that she wanted to make the economy of Bangladesh stronger and more sustainable. She also stated that Bangladesh will work on bigger ports, waterways, rail and road connectivity.

Mr. Sanjiv Puri, President, CII said that Bangladesh is India’s land bridge to the vibrant regions of Southeast Asia, and Bangladesh and India can address the market together at a time when supply chains are shifting. He also mentioned that in agriculture, India and Bangladesh can set up joint ventures between private sectors.

Mr. Chandrajit Banerjee, Director General, CII, said that to drive economic engagement CII plans to take a CEOs delegation to Bangladesh later this year.

During the industry interaction, business members from India and Bangladesh highlighted several sectors of joint collaborations, including increasing the supply of energy to Bangladesh with a special emphasis on hydropower and creating more energy transmission lines to Bangladesh. They also spoke about education and skill development in Bangladesh through telecommunications solutions. Other areas of collaboration such as agriculture, trade, and IT were discussed as well.

New Delhi

21 June 2024