SME Times News Bureau | 11 Oct, 2018
connectivity between India and Bangladesh will enhance bilateral trade between
the two countries, said a top official of a Bangladesh industry body.
connectivity between the two countries will help a lot in developing trade
further, Jahangir Bin Alam, Secretary & CEO of Dhaka-based India-Bangladesh
Chamber of Commerce & Industry (IBCCI), who visited Trade Promotion Council
of India (TPCI) office in Delhi recently.
recent thrust to rebuild those waterways and develop new routes to ease
connectivity will not only be in the interest of bilateral trade between India
and Bangladesh, but will also help Indian mainland to connect better with its
own North Eastern States, he added.
IBCCI said that trade growth depends on the developmental progress of
further said that Bangladesh is growing and hence trade is increasing with
India and the rest of the world.
being an immediate neighbour with whom Bangladesh not only shares a long border
but also culture, traditions and language will be looking towards India to
import the items it needs, he said.
is immense scope for increasing Food & Beverages (F&B) exports from
India to Bangladesh, the official said
Bangladesh's total import of F&B from the world is $5016.4 million, out of
which India is 5th in ranking with exports worth $332.4 million.
currently sources 17.2 % of its F&B requirements from Brazil, followed by
Indonesia (12.1%), Canada (9.7%), Argentina (9.1%) and India (6.6%).