Indo-Bangladesh private sector joint investments underscored

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RANGPUR, Dec 18, 2018 (BSS) – 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
Monday.

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.

Co-Chair 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 Vice-president of RCCI Mostoba Hossain Ripan, its former Senior
Vice-president 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 agro-based 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 sub-Himalayan region in future,” he said.