IndoBangladesh private sector joint investments underscored

RANGPUR, Business community leaders of India and Bangladesh have stressed on encouraging private sector joint investments to set up industries to create jobs and expand business, trade and commerce in the region.

They viewed this at a discussion meeting organised by Rangpur Chamber of

Commerce and Industry (RCCI) with the visiting delegation members of the

Confederation of Indian Industry (CII) held at RCCI auditorium in the city on


The discussion was arranged before the upcoming CII 6th North Bengal

Conclave to be held at Royal Pavilion of Club Montana Vista in Siliguri of

West Bengal in India to focus on Export Promotion and Logistics for North

Bengal on December 21 next.

The CII in association with West Bengal Industrial Development

Corporation (WBIDC) is organising the 6th edition of North Bengal Conclave.

Representatives of business delegations from Bangladesh, Bhutan, India

and Nepal (BBIN) are expected to participate in the conclave and set up

stalls to display products produced in their respective countries.

CoChair of the CII North Bengal Zonal Council Sanjit Saha attended the

discussion as chief guest with RCCI President Mostafa Sohrab Chowdhury Titu

in the chair.

Members of the North Bengal Zonal Council of CII Vinoy Kumar Gulati and

Soilendra Prodhan addressed.

Senior Vicepresident of RCCI Mostoba Hossain Ripan, its former Senior

Vicepresident Mostafa Ahmed, importers and exporters Alhaj Moyen Uddin and

Gyanankur Roy and for Director Rabiul Islam Mridul spoke.

The meeting discussed possibilities and prospects of setting up

industries and business establishments in northern Bangladesh, northern

region of West Bengal as well as in other BBIN countries under joint private

sector ventures.

Sanjit Saha narrated economic successes achieved by West Bengal,

prospective sectors for joint investments, incentives and subsidies being

provided by the Indian and West Bengal governments to the private sector

investors and entrepreneurs.

He invited RCCI leaders, Bangladeshi investors and entrepreneurs to

participate in the upcoming CII 6th North Bengal Conclave' in Siliguri to

showcase prevailing prospects of joint investments in various sectors in

northern West Bengal.

Let our investors in the northern Bangladesh and northern part of West

Bengal find out most prospective sectors to go for joint investments to open

a bigger horizon toward the direction, Saha said.

He said the Northern region of West Bengal is strategically located and

flanked by three SAARC countries like Bangladesh, Bhutan and Nepal also close

to Myanmar having possibility of land trade with China through the Nathu La

Pass in Sikkim.

RCCI President Titu said private sector investors of both countries

could look forward for setting up agrobased and other potential industries

in prospective sectors in the northern region of Bangladesh for expanding

regional trade and business.

As the regional BBIN connectivity has become a reality, the prospect of

expanding regional trade, commerce and business would be accelerated in the

whole subHimalayan region in future, he said.

Source: Bangladesh Sangbad Sangstha (BSS)