Dhaka: Indian High Commissioner to Bangladesh Pranay Verma has stated that Bangladesh and India, as the two largest economies in the region and close neighbors with a focus on building connectivity, are ‘uniquely positioned’ to lead regional economic integration and establish resilient, future-ready supply chains. He made these remarks while welcoming a delegation of newly appointed directors of the India Bangladesh Chamber of Commerce and Industry (IBCCI) during an interactive session held at the High Commission recently.
According to United News of Bangladesh, the meeting reaffirmed the shared commitment to unlock new avenues of cooperation and elevate the Bangladesh-India economic partnership to the next level, as stated by the High Commission on Monday. IBCCI is a platform comprising over 500 companies that promotes bilateral trade, investment, and business collaboration between India and Bangladesh.
The High Commissioner appreciated the role played by IBCCI in strengthening the economic partnership between India and Bangladesh. He emphasized the need to leverage the geographical proximity between the two countries into tangible economic opportunities. He urged IBCCI to develop a future-oriented economic engagement, transforming trade linkages into broader economic partnerships, investments, and value chain integration.
The High Commissioner also exchanged views with the IBCCI delegation about recent developments in bilateral economic engagement, including newly instituted mechanisms for trade settlement in Indian Rupees, as well as ongoing infrastructure upgrades at key Land Customs Stations to facilitate more efficient cross-border trade.