BD graduation from LDC opens up new horizons in Indo-Bangla business

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Bangla Tribune Desk
Published : 05:00, Jun 21, 2018 | Updated : 05:00, Jun 21, 2018

Bangladesh High Commissioner to India Syed Muazzem speaking at a dialogueBangladesh’s graduation from LDC will open up new frontiers and horizons in the economic engagement between Dhaka and New Delhi bringing in further benefits to the citizens of the two neighbours, a high-level policy dialogue was told on Wednesday.
The dialogue, organised by Bangladesh High Commission in New Delhi in cooperation with Federation of Indian Chamber of Commerce and Industry (FICCI), was chaired by High Commissioner Syed Muazzem Ali at FICCI conference hall, said a press release.
The panel discussion was participated by Md Abul Kalam Azad, Principal Co-ordinator (SDG Affairs) at Prime Minister’s Office, Dr. Ram Upendra Das, Head and Professor, Centre for Regional Trade, Department of Commerce and Indian Ministry of Commerce and Industry, Dr Qazi Kholiquzzaman Ahmad, Chairman of Palli Karma Sahayak Foundation (PKSF), Dr Pritom Banerjee, Senior Director at South Asia Corporate Public Policy, DHL Group and Sheikh Fazle Fahim, Senior Vice President of Federation of Bangladesh Chambers of Commerce and Industry. Deputy High Commissioner ATM Rokebul Haque offered votes of thanks.
The speakers agreed that Bangladesh’s graduation from the least developed country (LDC) category is a milestone in the country’s goal of achieving the 2030 agenda for sustainable development.
The status is expected to hugely impact the bilateral economic relations between India and Bangladesh, especially in investment and doing business together.
“Qualification for graduation is also a testimony to the sustainable development trajectory of Bangladesh,” Syed Muazzem Ali told the seminar.
The envoy urged the Indian business people to invest in Bangladesh in “buy-back” projects.
“Indian investors should take advantage of Bangladesh’s competent labour costs and closer proximity to the North-East markets”, he said.
In his speech Abul Kalam Azad said the prime minister believes in inclusive economy and that none should be left behind.
Ram Upendra Das called for an integrated approach in trade and investment between the two countries.
Kholiquzzaman focused on Bangladesh’s tremendous achievement in reduction of poverty.
Pritom Banerjee spoke on greater connectivity, while Sheikh Fazle Fahim underlined the need for more Indian investment in Bangladesh.
The speakers took questions from the audience that comprised diplomats, economists, academics and thought leaders and media people.

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