Trade between India & Bangladesh up 94% in last 1 year: FBCCI

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The trade between India and Bangladesh grew by over 94 per cent in the last 1 year and the exports from Bangladesh to India are likely to reach $2 billion for the first time by the end of this fiscal, according to the Federation of Bangladesh Chambers of Commerce and Industry (FBCCI). The demand for Bangladeshi products is on a rise in India.

The FBCCI said this in a statement after a meeting between Vikram K Doraiswami, High Commissioner of India to Bangladesh and Md Jashim Uddin, president of FBCCI in Dhaka yesterday.

At the meeting, Jashim Uddin called for the development of infrastructure in the Indian part of the land ports to boost bilateral trade. He said that poor infrastructure hampers bilateral trade as many products cannot be exported from Bangladesh due to lack of facilities at Indian ports.

The trade between India and Bangladesh grew by over 94 per cent in the last 1 year and the exports from Bangladesh to India are likely to reach $2 billion for the first time by the end of this fiscal, according to the Federation of Bangladesh Chambers of Commerce and Industry (FBCCI). The demand for Bangladeshi products is on a rise in India.

Doraiswami informed that India is keen to boost up the bilateral trade between Bangladesh and India. Therefore, He seeks FBCCI’s cooperation to further strengthen the business ties between the two countries. India is keen to invest in Bangladesh’s logistics, food processing, automobile and garment industry.

Among others, FBCCI senior vice president Mostofa Azad Chowdhury Babu, vice president Md Habib Ullah Dawn, directors Rejaul Kariem Rejnu, Bijoy Kumar Kejriwal, Md Shah Jalal, Mohammed Bazlur Rahman, Dr Joshodha Jibon Deb Nath, CIP, Priti Chakraborty and secretary general Mohammad Mahfuzul Hoque were present at the meeting.

Fibre2Fashion News Desk (KD)



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