Bangladesh High Commissioner to India Syed Muazzem Ali on Friday urged the Indian investors to launch joint venture projects in Bangladesh for mutual benefits of the two close neighbours.
“Bangladesh has a huge skilled and semi-skilled young workforce, and the country offers attractive incentives for the development of joint venture projects.... on a “buy back” basis,” the High Commissioner said at the inauguration of the Silver Jubilee of the International Guwahati Trade Fair in Guwahati, Assam.
He said the Indian investors should take advantage of “our cheaper labour costs and closer proximity to North-East markets to set up industries in Bangladesh and export the products to India.
North-East’s abundant natural resources and raw materials can be imported to Bangladesh for value addition and re-exported to India or elsewhere. This is taking place but needs to be done on a much larger scale for a win-win situation, the envoy said.
Muazzem Ali referred to Bangladesh’s growing cooperation with India’s North-East, according to Bangladesh High Commission in New Delhi.
He said, “Our opportunities are endless—once we are able to realize these, it would enormously contribute to taking the overall Bangladesh-India bilateral relations to a 'greater height'."
He hoped that ITFAA would play a very effective role in further strengthening the Indo-Bangladesh economic integration, especially with the North-east region.
Saying that both Bangladesh and India are growing fast he called for combing the synergies of the two countries.
“If we can combine our synergies with that of India, India can emerge as a great contributor to the faster economic growth of Bangladesh as well as for the region, through effective cooperation,” he said.
Muazzem Ali stressed the need for further exploring the potentiality of cooperation between Bangladesh and India.