Indian companies keen to expand investment in Bangladesh

“Many Indian companies already have investments in Bangladesh and are eager to expand their footprint,” he said at a press conference held at the FBCCI conference room in the city.

Chandrajit Banerjee was leading a 10-member high-powered Indian business delegation on a one-day exploratory visit to Bangladesh aimed at strengthening business-to-business (B2B) contacts and exploring new avenues for investment.

He said the delegation's visit was particularly focused on creating stronger connections between Indian and Bangladeshi businesses and identifying opportunities for expanding mutual investment.

The delegation comprises representatives from diverse sectors, including infrastructure, particularly metro rail, healthcare, engineering and consumer products.

During a meeting with the Federation of Bangladesh Chambers of Commerce and Industry (FBCCI), Banerjee proposed forming two B2B task forces to deepen economic cooperation between the two countries.

One taskforce would focus on new and emerging technologies, enabling businesses from both countries to collaborate in technological development and generate benefits for industries and consumers.

 Another task force would focus on infrastructure, given the significant representation of infrastructure companies in the visiting delegation.

Banerjee also proposed holding periodic B2B interactions at border areas and arranging sector-specific business delegations to Bangladesh in the future to maintain momentum in bilateral trade and investment.

The Indian delegation held a series of high-level meetings with Bangladeshi government officials during its visit, discussing trade logistics and the creation of a cordial and conducive environment for businesses.

Reflecting on the longstanding relationship between CII and FBCCI, Chandrajit Banerjee said the present visit was arranged at short notice, but the response from Indian industry leaders was overwhelming.

He said the strong participation of Indian businesses demonstrated their interest in Bangladesh as an investment destination and their willingness to explore further opportunities.

Chandrajit Banerjee said the delegation's objective of establishing deeper connections with Bangladeshi industry had been successfully achieved.

He also expressed hope that Bangladesh would send similar high-level business delegations to India, saying such exchanges would help further strengthen trade, investment and commercial ties between the two neighbouring countries, reports BSS.