CII team to visit Bangladesh, explore investment opportunities

The potential sectors for investment in Bangladesh are power, power cables, cement, steel, pharmaceuticals, textiles, spinning, frozen foods, leather, electronics, agro-based industry, IT, ceramics, light engineering and natural gas based industries, he added.


KOLKATA: To boost exports of goods to Bangladesh and explore business opportunities, a 13-member CII Eastern Region delegation would visit Dhaka from November 8 to 10.

Led by Arun Mishra, Chairman, CII Eastern Region Investment Task Force and Vice President (Project Gopalpur) Tata Steel Limited, the delegation would especially focus on power, mining, electronics, steel, textiles, infrastructure, healthcare, light engineering, skill and education sectors.

"The aim of the CII business mission is also to make a strong case for the Eastern and North-Eastern States of India, understand how we can work more closely with our Bangladeshi counterparts and create a win-win situation for both," Arun Mishra said.

During the visit, the CII delegation would meet a host of senior officials, especially those associated with the Power and Industry Ministries in Bangladesh, Investment Development Authority and also Bangladesh Bank.

"Bangladesh is not only India's largest trading partner in South Asia, but also a natural ally for businesses in India," T V Narendran, Chairman, CII Eastern Region, and Managing Director, Tata Steel Ltd, said.

"There is a huge scope to popularize Indian products and raise the volume of bilateral trade and investment, especially at a time when many countries have turned their focus on Bangladesh," Narendran said.

The potential sectors for investment in Bangladesh are power, power cables, cement, steel, pharmaceuticals, textiles, spinning, frozen foods, leather, electronics, agro-based industry, IT, ceramics, light engineering and natural gas based industries, he added.