Bangladesh to build commercial complex at Agartala
Thursday, 23 April 2009
FE Report
Bangladesh is likely to build a commercial complex named Bangladesh Market at Agartola, the capital of Tripura state in India, for display and sale of Bangladeshi products.
"The site for the market has already been selected and Tripura government will give two acres of land to build the Market where all Bangladeshi products will be available under one roof. People of north east India will be able to buy our products through the market," President of India-Bangladesh Chamber of Commerce and Industry (IBCCI) Abdul Matlub Ahmmad told reporters at a press conference Wednesday at FBCCI Bhaban in the city.
He said businessmen of Bangladesh and Tripura could jointly own the shops in the Market. In the same complex a budget hotel and a convention centre with exhibition hall will also be established.
"The entire project will be guided by IBCCI," he added.
The business tycoon said the Tripura government has agreed to import 400 million (40 crore) bricks from Bangladesh. If a brick costs Tk 5.0 the value of the initial order will be over Tk 2.0 billion (200 crore). "Then there is a private sector which may import goods worth more than three times of this amount," he said.
Mr. Matlub said Bangladeshi fruit juice manufacturers have already received permission from Tripura government to establish processing plants in Tripura. There is also a huge potential for establishing industries based on rubber, bamboo, timber and steel in Tripura, he added.
"Our member M/S Air Touch limited also signed a MoU (memorandum of understanding) with a Tripura business house offering three types of tours from Bangladesh to Tripura. All the facilities given by Tripura Tourism Department will be used," he said.
Putting importance on infrastructure development, he said Bangladesh exports to India may reach Tk 1.0 billion by 2011 if it (infrastructure) is developed immediately.
Matlub urged the government to make all roads leading to India double-lane, open branches of Sonali Bank in the export land boarders like Akhaura and Bibir Bazaar and simplify the visa process so that Bangladeshi businessmen can avail big export opportunities from Tripura.
Bangladesh is likely to build a commercial complex named Bangladesh Market at Agartola, the capital of Tripura state in India, for display and sale of Bangladeshi products.
"The site for the market has already been selected and Tripura government will give two acres of land to build the Market where all Bangladeshi products will be available under one roof. People of north east India will be able to buy our products through the market," President of India-Bangladesh Chamber of Commerce and Industry (IBCCI) Abdul Matlub Ahmmad told reporters at a press conference Wednesday at FBCCI Bhaban in the city.
He said businessmen of Bangladesh and Tripura could jointly own the shops in the Market. In the same complex a budget hotel and a convention centre with exhibition hall will also be established.
"The entire project will be guided by IBCCI," he added.
The business tycoon said the Tripura government has agreed to import 400 million (40 crore) bricks from Bangladesh. If a brick costs Tk 5.0 the value of the initial order will be over Tk 2.0 billion (200 crore). "Then there is a private sector which may import goods worth more than three times of this amount," he said.
Mr. Matlub said Bangladeshi fruit juice manufacturers have already received permission from Tripura government to establish processing plants in Tripura. There is also a huge potential for establishing industries based on rubber, bamboo, timber and steel in Tripura, he added.
"Our member M/S Air Touch limited also signed a MoU (memorandum of understanding) with a Tripura business house offering three types of tours from Bangladesh to Tripura. All the facilities given by Tripura Tourism Department will be used," he said.
Putting importance on infrastructure development, he said Bangladesh exports to India may reach Tk 1.0 billion by 2011 if it (infrastructure) is developed immediately.
Matlub urged the government to make all roads leading to India double-lane, open branches of Sonali Bank in the export land boarders like Akhaura and Bibir Bazaar and simplify the visa process so that Bangladeshi businessmen can avail big export opportunities from Tripura.