President opens IBCCI today
Sunday, 22 July 2007
President Iajuddin Ahmed formally opens the Indo-Bangladesh Chamber of Commerce and Industry (IBCCI) at the Pan Pacific Sonargaon Hotel in the city today, reports BSS.
Finance and Commerce Adviser AB Mirza Azizul Islam and Indian State Minister for Commerce Jairam Ramesh will attend the launching ceremony of the IBCCI.
The president of the IBCCI, Abdul Matlub Ahmed, told the news agency Saturday that the proposed chamber would work as a bridge to reduce the existing trade gap between Bangladesh and India.
He said the Chamber would create an opportunity to boost the export-import business between the two countries and an atmosphere for Indian investment inflow into Bangladesh.
"Barriers to banking services, certification, tax, duty
and others obstacles between the two countries will be removed after launching of the IBCCI which will help businessmen boost their trade," he said, adding that the Chamber would also try to set up new landports, river ports and markets to raise export-import business between Bangladesh and India.
Matlub said Bangladesh can increase her production and export volume by utilising cheap skilled, semi-skilled and unskilled manpower, gas, land and other resources.
"We can invite Indian entrepreneurs to set up new industrial units in Bangladesh by offering various facilities, which will help increase export to India," he said.
He further said: "The Indian industrialists can play an important role in the industrialisation of Bangladesh through investment in various sectors."
Matlub said the Chamber will help the Bangladeshi businessmen expand their trade to north-eastern states of India by holding trade fairs and exchanging business delegations.
"We will encourage the big Indian groups of industries and businessmen to set up new industries in Bangladesh by utilising facilities available in Bangladesh," he said.
IBCCI's new secretary Shyamol Ghosh said the Chamber will play a positive role in increasing Indian investment in Bangladesh.
Director of the Chamber BK Bajuria said Bangladesh has many potential sectors for Indian investors.
He said India-Bangladesh joint investment and Indian direct investment will help reduce existing trade gap and boost Bangladesh economy.
Finance and Commerce Adviser AB Mirza Azizul Islam and Indian State Minister for Commerce Jairam Ramesh will attend the launching ceremony of the IBCCI.
The president of the IBCCI, Abdul Matlub Ahmed, told the news agency Saturday that the proposed chamber would work as a bridge to reduce the existing trade gap between Bangladesh and India.
He said the Chamber would create an opportunity to boost the export-import business between the two countries and an atmosphere for Indian investment inflow into Bangladesh.
"Barriers to banking services, certification, tax, duty
and others obstacles between the two countries will be removed after launching of the IBCCI which will help businessmen boost their trade," he said, adding that the Chamber would also try to set up new landports, river ports and markets to raise export-import business between Bangladesh and India.
Matlub said Bangladesh can increase her production and export volume by utilising cheap skilled, semi-skilled and unskilled manpower, gas, land and other resources.
"We can invite Indian entrepreneurs to set up new industrial units in Bangladesh by offering various facilities, which will help increase export to India," he said.
He further said: "The Indian industrialists can play an important role in the industrialisation of Bangladesh through investment in various sectors."
Matlub said the Chamber will help the Bangladeshi businessmen expand their trade to north-eastern states of India by holding trade fairs and exchanging business delegations.
"We will encourage the big Indian groups of industries and businessmen to set up new industries in Bangladesh by utilising facilities available in Bangladesh," he said.
IBCCI's new secretary Shyamol Ghosh said the Chamber will play a positive role in increasing Indian investment in Bangladesh.
Director of the Chamber BK Bajuria said Bangladesh has many potential sectors for Indian investors.
He said India-Bangladesh joint investment and Indian direct investment will help reduce existing trade gap and boost Bangladesh economy.