Bangladeshi team arrives in Tripura to explore investment opportunities

April 19th, 2009 - 2:54 pm ICT by ANI  

By Pinaki Das

Agartala (Tripura), Apr 19 (ANI): A ten-member business delegation comprising of members of India-Bangladesh Chamber of Commerce and Industry (IBCCI) has arrived here to explore the bilateral trade and industrial investment opportunities in the state.

The delegation led by IBCCI president Abdul Matlub Ahmad met the business community of Tripura Industrial Development Corporation (TIDC), high officials and business community and held talks on investment and business potential.

During joint press conference of IBCCI and Tripura Chamber of Commerce(TCC), Ahmad said that trade and business between India and Bangladesh is increasing fast and particularly with the India’s northeast where business tourism has great potential.

“The nearest foreign destination is Agartala. This is the only foreign destination where we need a passport without any flight fare. The whole of northeast India is a big market than Bangladesh,” said Ahmad.

Speaking on the occasion M L Debnath, the president of Tripura Chamber ofCommerce (TCC) said that the recent decision of Indian Government allowing foreign direct investment by Bangladesh and Pakistan in India is showing impact.

“Earlier the system was this, no Bangladeshis or Pakistani could invest in India. Now, anyone from Bangladesh and Pakistan can invest in India. So this is a good scope for all of us. Because of this new policy, we found that large numbers of Bangladeshi industries are showing interest to invest here, particularly in northeastern region of Tripura,” said M.L Debnath.

According to the IBCCI officials, total bilateral trade between India and Bangladesh grew from 2.56 billion dollars in 2006-07 to 3.616 billion dollars in 2007-08.

Bangladesh is keen to boost trade and commerce with northeastern India to narrow down its trade deficit with the country. (ANI)

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