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Last updated: 11 Oct, 2018  

Handshake generic THMB 'Improved connectivity to boost India-Bangladesh trade'

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SME Times News Bureau | 11 Oct, 2018

Improved connectivity between India and Bangladesh will enhance bilateral trade between the two countries, said a top official of a Bangladesh industry body.

Improved 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.

The 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.

CEO, IBCCI said that trade growth depends on the developmental progress of Bangladesh.

He further said that Bangladesh is growing and hence trade is increasing with India and the rest of the world.

India 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.

There is immense scope for increasing Food & Beverages (F&B) exports from India to Bangladesh, the official said

Presently, 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.

Bangladesh 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%).

 
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