India plans to invest $3b in Bangladesh.

[Homo Sapiens]

12:00 AM, February 17, 2017 / LAST MODIFIED: 12:00 AM, February 17, 2017
India plans to invest $3b in Bangladesh

Star Business Report


Investments from India worth over $3 billion have been registered with the Bangladesh Investment Development Authority (BIDA), said Harsh Vardhan Shringla, Indian high commissioner to Bangladesh, yesterday.

More investments in the power, liquefied natural gas and port sectors in Bangladesh are in the pipeline as there is great business potential here, said the top Indian diplomat at the inauguration of the three-day Indo-Bangla Trade Fair 2017 at Sonragaon Hotel in Dhaka.

Commerce Minister Tofail Ahmed opened the fourth version of the fair as chief guest. The India-Bangladesh Chamber of Commerce and Industry (IBCCI) organised the fair to display products and services from both countries to the customers.

Companies from both India and Bangladesh are also exploring new opportunities for investments and to set up joint ventures in each other's countries, said Shringla.

Indian companies such as Marico, CEAT, Tata Motors, Godrej, Sun Pharma, Asian Paints have made substantial investments in Bangladesh, the high commissioner said.

India has also been offered exclusive sites by Bangladesh to establish special economic zones, he said. These zones may be at Mongla or Chittagong, he added.

“With the India-Bangladesh trade and commercial relationship growing at a substantial pace, Bangladesh is now India's biggest trade partner in South Asia.”

In the last 15 years, Bangladesh's exports to India have grown tenfold and India's exports to Bangladesh six times. Bilateral trade in 2015-16 stood at $6.14 billion, Shringla said.

In November last year, IBCCI had organised a fruitful discussion on enhancing India-Bangladesh Waterways Connectivity, which saw good participation from both the countries.

“In an important development in waterways and sea connectivity between India and Bangladesh, the first container ship will arrive from Kolkata to Pangaon Inland Container Terminal tomorrow (Friday) under the Coastal Shipping Agreement between our two countries,” he said.

Around 60 companies from India and Bangladesh, from diverse sectors like automobiles, pharmaceuticals and chemicals, are participating in the fair.

This also includes business delegations from Confederation of Indian Industry and Bengal Chamber of Commerce and Industry, Kolkata.

Tofail Ahmed urged the Indian government to remove the tariff, para-tariff and non-tariff barriers for a higher export of goods from Bangladesh to India.

The balance of trade between the two countries is heavily tilted towards India because Bangladesh imports a lot of raw materials and food items from there, he said.

India has given duty-free access to all Bangladeshi goods except 25 alcoholic and beverage items. “I am happy that a large amount of investment is coming to Bangladesh,” Ahmed said.

Abdul Matlub Ahmad, president of Federation of Bangladesh Chambers of Commerce and Industry, Taskeen Ahmed, president of IBCCI, Abhijeet Chakravorty, country head at State Bank of India, Ambarish Dasgupta, leader of the Bengal Chamber of Commerce and Industry Delegation, and Pankaj Tandon, leader of the Confederation of Indian Industry Delegation, also spoke.
http://www.thedailystar.net/business/india-plans-invest-3b-bangladesh-1362328

 

[MULUBJA]

India Bangladesh cooperation Zindabad.

 

[DrPuff]

 

[Homo Sapiens]

12:00 AM, February 18, 2017 / LAST MODIFIED: 03:30 AM, February 18, 2017
Coastal Shipping with India: Pangaon receives first cargo vessel

Unb, Keraniganj


The first container ship, MV Nou Kollan-1, arrived from Kolkata at Pangaon Inland Container Terminal in Keraniganj yesterday.

The vessel berthed at the terminal under the Coastal Shipping Agreement between Bangladesh and India. The deal, signed during the visit of Indian Prime Minister Narendra Modi to Bangladesh in 2015, allows direct movement of ships at sea between the two countries.

It has helped improving the connectivity between the two neighbours by reducing shipping time from 30-40 days to 4-10 days.

Commerce Minister Tofail Ahmed, Shipping Minister Shajahan Khan, State Minister for Power, Energy and Mineral Resources Nasrul Hamid and Shipping Secretary Ashoke Madhab Roy witnessed the inauguration of unloading 65 containers from the ship.

Tofail said buyers from home and abroad would be benefited from the operation of the Pangaon container terminal.

Booths of several banks, including the state-run Sonali Bank, would be opened there for providing banking facilities to businessmen, he added.

The shipping minister said the container movement from India to Bangladesh would save time and money.

Welcoming the arrival of the container ship operated by Riverline Logistics and Transport Ltd, Indian High Commissioner to Dhaka Harsh Vardhan Shringla in a message said: “For the first time a ship carrying cargo has sailed from Kolkata to Pangaon which is just over 20km from Dhaka.”

“Today's event is significant as so far the movement of ships under the agreement was limited between seaports like Chittagong and Visakhapatnam. The Pangaon ICT can also emerge as an alternative to

Ashuganj River Port for transhipment of goods to Northeastern India,” he said.

It can also decongest the roads and land custom stations through which most of the bilateral trade have been taking place now, the envoy added.

The first cargo ship under this framework had sailed from Chittagong to Visakhapatnam in March last year.
http://www.thedailystar.net/backpag...a-pangaon-receives-first-cargo-vessel-1362979

 

[Great Sachin]

good

 

[Sam.]

Indo-Bangla bhai-bhai ?

 

[Nilgiri]

Indo-Bangla bhai-bhai ?

Give it a cpl more decades at least. Economics will trump butthurt of BD elite

 

[Mage]

What a waste. Better to burn that money for warmth in winter than send to to bangladesh.

Ikr? Imagine how many bathrooms could've been built in India with this money.

 

[Bilal9]

Marico, CEAT, Tata Motors, Godrej, Sun Pharma, Asian Paints have made substantial investments in Bangladesh, the high commissioner said

This lying high commissioner should be outed for spreading these outright lies.

All Banya Dhokeybaaj Indian companies, every single one of them. All making low-quality garbage Indian goods in Bangladesh to sell locally with minimal cash or investments made here. Often the local investment is made only by local distributor. I have no idea of how the Investment Bureau allows these faaltu companies to come in, such investments should not be allowed in the first place. It hurts local businesses. No export to India whatsoever whem that should be the first condition. If we can't export, they should shut these idiots down and tell them to hightail it back to India.

Marico - Making Parachute coconut oil and soaps to sell locally. Poisoning rivers at the same time.
CEAT - Making Tyres in cahoots with Ak khan companies. Probably the worst quality tyres sold locally.
Tata Motors - Making trucks/bus chassis in cahoots with NITOL motors (universally known Indian agent)
Godrej - I don't know WTF they produce, probably the toxic hair coloring they sell in India, now available for your gleeful early demise in Bangladesh.
Sun Pharma - Trying to compete with local Pharma companies on exports with cheap imported Indian API formulations.
Asian Paints - Another polluter, selling hazardous outdated paint formulations locally, considered too toxic/risky in any other country, taking advantage of our lax Env. Laws and enforcements.

Tofail Ahmed urged the Indian government to remove the tariff, para-tariff and non-tariff barriers for a higher export of goods from Bangladesh to India.

Fat chance of that happening, as evidenced in the last four decades!

India has given duty-free access to all Bangladeshi goods except 25 alcoholic and beverage items. “I am happy that a large amount of investment is coming to Bangladesh,” Ahmed said.

This is the only one I support. Our CAREW Whisky products have been historically top notch. Sell it!

 

[gslv mk3]

All Banya Dhokeybaaj Indian companies, every single one of them. All making low-quality garbage Indian goods in Bangladesh to sell locally with minimal cash or investments made here. Often the local investment is made only by local distributor. I have no idea of how the Investment Bureau allows these faaltu companies to come in, such investments should not be allowed in the first place. It hurts local businesses. No export to Indian whatsoever. If we can't export, they should shut these idiots down and tell them to hightail it back to India.

Marico - Making Parachute coconut oil and soaps to sell locally. Poisoning rivers at the same time.
CEAT - Making Tyres in cahoots with Ak khan companies. Probably the worst quality tyres sold locally.
Tata Motors - Making trucks/bus chassis in cahoots with NITOL motors (universally known Indian agent)
Godrej - I don't know WTF they produce, probably the toxic hair coloring they sell in India, now available for your gleeful early demise in Bangladesh.
Sun Pharma - Trying to compete with local Pharma companies on exports with cheap imported Indian API formulations.
Asian Paints - Another polluter, selling paint formulations considered too toxic/risky in any other country, taking advantage of our lax Env. Laws.

No wonder why this forum is a Joke @Nilgiri

 

[Nilgiri]

No wonder why this forum is a Joke @Nilgiri

He only proves my point about worthless BD labour quality.

If the labour was better quality/cost ratio, there would be more value-addition within BD in these supply chains.

Otherwise it will only be polishing/shining/final sales related gimmicks of low quality products commensurate with BD income/demand.

But he takes it as a whole India-related conspiracy....and completely ignores why no other country really is attracted by and invests into BD industry and services in a genuine way.....as though India "owes" BD something beyond liberating their worthless behinds in 1971 and hosting a buttload of their illegals.

RMG and some beginning of civil infra expansion (because of Chinese soft loans) are literally the only two things going on in BD and this is apparently India's fault, not BD govt (through sustained education + business/finance reform/incentives) fault. Pathetic.

Anyways he is a broken record and getting more desperate as more neutrals like @madokafc are becoming more astute to BD subforum shenanigans about its "bright economic future".

Let him invest more and more time in his spiel.....it will probably be proportionate to the reality dawning clearer and clearer for everyone else.

 

[Kandari-Hushiyaar]

Ikr? Imagine how many bathrooms could've been built in India with this money.

Lmao

 

[Gandh brandi]

He only proves my point about worthless BD labour quality.

If the labour was better quality/cost ratio, there would be more value-addition within BD in these supply chains.

Otherwise it will only be polishing/shining/final sales related gimmicks of low quality products commensurate with BD income/demand.

But he takes it as a whole India-related conspiracy....and completely ignores why no other country really is attracted by and invests into BD industry and services in a genuine way.....as though India "owes" BD something beyond liberating their worthless behinds in 1971 and hosting a buttload of their illegals.

RMG and some beginning of civil infra expansion (because of Chinese soft loans) are literally the only two things going on in BD and this is apparently India's fault, not BD govt (through sustained education + business/finance reform/incentives) fault. Pathetic.

Anyways he is a broken record and getting more desperate as more neutrals like @madokafc are becoming more astute to BD subforum shenanigans about its "bright economic future".

Let him invest more and more time in his spiel.....it will probably be proportionate to the reality dawning clearer and clearer for everyone else.

I admit it was a little cringy to read his whole comment.

 

[Sam.]

I admit it was a little cringy to read his whole comment.

When you are able to read about your downsides without fuming then you have bright chance on improving them. People like you will make Bangladesh better economy rest mullah wanna be are garbage.

 

[Bilal9]

Ikr? Imagine how many bathrooms could've been built in India with this money.

I admit it was a little cringy to read his whole comment.

I respect your viewpoint but you are apparently new to the Bharatiya dhokeybaaji game.

With time you will understand.....

My point was that there is Zero value addition to our coffers when all is said and done.

They are doing this to expand the sale of Indian products in our market when it should be the other way round, and done immediately.

We have a severe trade imbalance for the last three decades.

They are taking advantage of our innate sense of trust and innocence.

How many Bangladeshi companies do you see manufacturing in India??