'India Show' set to begin Dec 3

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In line with the Indian government's 'Look East Policy', the largest and oldest apex business organisation of India - FICCI - will arrange a big business show, 'India Show', here from December 3 to enhance and deepen India's economic engagement with Bangladesh, reports UNB.
The three-day show, according to the organisers, will facilitate meaningful business partnerships between India and Bangladesh, and to understand each other's needs, capabilities and the tremendous potential that lies ahead in various sectors.
A big Indian business delegation, not less than 50 members, including Indian Commerce and Industries Minister Anand Sharma, is expected to arrive here on December 2 to attend the three-day show to be held at Bangabandhu International Conference Centre.
"This will be the biggest Indian show here. That means they (India) are taking Bangladesh seriously for business partnership ensuring mutual benefits," Abdul Matlub Ahmed, president of India-Bangladesh Chamber of Commerce and Industry (IBCCI), told the news agency Saturday.
He said fresh bulk volumes of investment would flow into Bangladesh through the trade show. "There's a possibility of inking three Memorandums of Understanding (MoUs) between the two countries during the event."
Responding to a question, Ahmed said Bangladesh's export to India is not increasing as expected. "The event will help boost Indian investment here, create scope for re-export there availing of duty-free facilities and minimise the trade imbalance between the two countries."
Officials of the FICCI (Federation of Indian Chambers of Commerce and Industry) said the event will bring together business leaders, artists, journalists, academicians, best of Indian cuisine, cultural show and high-level ministerial sessions on trade issues and strategies to redefine the existing partnership.
It would highlight India's capabilities and strengths in various sectors to the Bangladeshi business community, to explore JVs (Joint Ventures) and cooperation with Indian companies to boost trade and investment between the two countries.
The three-day event will have exhibition showcasing the Best of India's Sectoral Pavilions, India-Bangladesh CEOs' roundtable, one-to-one business meetings, high-level sessions on trade and investments, sectoral roundtables, cultural extravaganza, food festival, cultural show-traditional Indian dance, fashion show and live concert.
As Bangladesh is also emerging as an important market in the generic pharmaceutical sector, this show will provide an apt platform for the Indian pharma players to showcase their capabilities in the generic segment.
Over the years, India and Bangladesh have taken a number of initiatives to remove 'invisible' trade barriers such as elimination of tariffs and non-tariff restrictions at the unilateral, bilateral, and regional levels.