Indian business team due soon to talk investment

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FE Report
India has shown keen interest in taking advantage of the massive investment opportunities in Bangladesh as economic relations between the two countries grow from strength to strength.
"An Indian business delegation will visit Bangladesh within a few months to explore the opportunities of joint investment through discussion," Indian High Commissioner, Rajeet Mitter, said Sunday.
He was briefing reporters after making a courtesy call on Industries Minister Dilip Barua.
Mr Mitter said India would provide training to Bangladesh Standards and Testing Institution (BSTI) to upgrade the lab standard as the local industries could not yet attain standard and face stiff competition in the market due to lack of appropriate technology in the local industries.
They held discussion on providing training support to promote the country's SME sector, increasing BSTI facilities, Indian recognition of BSTI certificate and the government's industry and investment policy.
"The sectors are yet not identified," the minister said and added, "But we discussed on the thrust sectors including ceramic, pharmaceuticals, leather, light engineering and IT sectors."
"After the recent investment in telecom sector, now India is planning to explore the opportunities of setting up of power plants in Bangladesh," Mr Barua said.
Referring to the use of Chittagong and Mongla ports, he said the country would be able to earn foreign currency and at the same time the ports would be restructured with modern facilities.
Replying to the query regarding lengthy visa processing, the India envoy assured that there would be no difficulty for the real businessmen for getting visa as they have started a 'token system.'