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BD not India’s ‘fourth largest’ remittance source: Shringla

FE Report | September 13, 2018 00:00:00


Indian High Commissioner to Bangladesh Harsh Vardhan Shringla on Wednesday differed with the claim that Bangladesh is the fourth largest remittance earning destination for India.

"I want to say about the information that Bangladesh is the fourth largest remittance earning destination for India is incorrect."

Mr Shringla mentioned that the 'incorrect' information appeared on the website of India's Pew Research after it was hit by a cyber attack.

"But we could share information with Federation of Bangladesh Chambers of Commerce and Industry (FBCCI) on the matter," he also said.

A small group of Indian citizens are working in Bangladesh, and it is unrealistic that the small group can send US$ 4.0 billion as remittance from Bangladesh, he added.

However, the Indian envoy did not mention the exact figure of foreign remittance that India receives from Bangladesh.

He made the observation while speaking as the special guest at the opening ceremony of a four-day international exhibition on textile and garment industry at International Convention City Bashundhara in the capital.

Conference and Exhibition Management Services Ltd (CEMS-Global) has organised three expositions under it on September 12-15.

Prior to Mr Shringla's speech, FBCCI President Shafiul Islam (Mohiuddin) in his speech as the special guest said Bangladesh is the fourth largest source of foreign remittance earning for India, which amounts to $ 4.0 billion.

Jatiyo Sangsad (JS) Speaker Shirin Sharmin Chaudhury inaugurated the programme as the chief guest.

She appreciated organising such an international event, saying that it brings opportunities for Bangladesh to exhibit its textile and garment products around the globe.

She mentioned that Bangladesh has become a middle-income country by scoring far better than the set requirements.

Besides, Bangladesh has made significant improvement in fields like women empowerment, food safety, and electricity production etc.

The country is working to bag more foreign investment by establishing 100 economic zones, Ms Chaudhury noted.

The four-day textile and garment exhibition has been organised in the city to showcase the latest products and emerging technologies of the textile and garment industry.

The expositions - 19th Textech Bangladesh International Expo, 14th Dhaka International Yarn and Fabric Show, and 33th DyeChem Bangladesh Expo 2018 - will remain open from 10.30 am to 7.30 pm.

Around 1,250 companies, from 25 countries across the globe, with 1,500 booths are participating in the exhibition.

The exhibition is a networking place in Bangladesh for buyers, manufacturers and suppliers of equipments and technology of international yarn and fabric industry, speakers said at the event.

Among others, State Minister for Textiles and Jute Mirza Azam, Vice President of Bangladesh Garment Manufacturers and Exporters Association (BGMEA) Md Nasir, Vice President of Bangladesh Knitwear Manufacturers and Exporters Association (BKMEA) Fazlee Shamim Eshan, President of Indian Chamber of Commerce Rudra Chatterjee, and President and Group Director of CEMS Global Meherun N Islam spoke at the function.

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COMPANY YCP HIGH LOW CLOSE %CHG
NTLTUBES 110.0 121.0 111.6 119.8 8.9091%
FINEFOODS 35.5 39.0 34.8 38.4 8.169%
UPGDCL 304.9 331.5 305.0 324.4 6.3955%
REPUBLIC 28.4 30.4 29.0 30.0 5.6338%
STYLECRAFT 3512.7 3688.3 3570.9 3688.1 4.9933%
ICBAMCL2ND 6.6 7.0 6.5 6.9 4.5455%
ICBAGRANI1 6.9 7.2 7.2 7.2 4.3478%
NAHEEACP 80.6 85.9 80.8 83.8 3.9702%
ATLASBANG 127.0 133.0 127.0 131.0 3.1496%
PRAGATILIF 129.4 138.0 117.0 133.4 3.0912%
COMPANY YCP HIGH LOW CLOSE %CHG
FINEFOODS 38.8 39.0 34.8 36.0 7.7778%
NTLTUBES 119.0 121.0 111.6 112.5 5.7778%
UPGDCL 321.8 331.5 305.0 305.1 5.4736%
EBL1STMF 7.5 7.7 7.2 7.2 4.1667%
PREMIERCEM 77.7 77.7 75.1 75.1 3.4621%
ISLAMIINS 21.4 21.8 20.7 20.7 3.3816%
RELIANCE1 9.5 9.5 9.2 9.2 3.2609%
ATLASBANG 131.1 133.0 127.0 127.0 3.2283%
STYLECRAFT 3682.6 3688.3 3570.9 3571.0 3.1252%
ICBAMCL2ND 6.8 7.0 6.5 6.6 3.0303%
COMPANY YCP HIGH LOW CLOSE %CHG
ETL 15.0 13.0 9.9 10.4 -30.6667%
INTECH 66.8 67.0 60.2 60.5 -9.4311%
MLDYEING 22.8 23.5 20.8 20.9 -8.3333%
KPCL 130.9 131.6 118.0 121.0 -7.563%
VFSTDL 28.7 28.8 26.1 26.6 -7.3171%
PDL 18.1 18.0 16.5 16.8 -7.1823%
PRIMETEX 31.8 32.0 29.3 29.6 -6.9182%
POPULARLIF 119.4 120.0 110.0 111.3 -6.7839%
HRTEX 43.6 44.1 40.3 40.7 -6.6514%
SAFKOSPINN 21.1 21.6 19.5 19.7 -6.6351%
COMPANY YCP HIGH LOW CLOSE %CHG
ETL 10.5 13.0 9.9 13.0 -19.2308%
SHURWID 22.1 25.0 22.1 24.6 -10.1626%
INTECH 60.2 67.0 60.2 67.0 -10.1493%
CVOPRL 155.1 172.5 155.1 172.0 -9.8256%
KPCL 119.1 131.6 118.0 131.6 -9.4985%
MLDYEING 21.0 23.5 20.8 23.2 -9.4828%
SAFKOSPINN 19.7 21.6 19.5 21.5 -8.3721%
METROSPIN 8.3 9.0 8.3 9.0 -7.7778%
POPULARLIF 110.3 120.0 110.0 119.0 -7.3109%
VFSTDL 26.7 28.8 26.1 28.8 -7.2917%