Industry body to invest $5 Billion in Bangladesh

Tuesday, 07 April 2009, 14:37 IST
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Kolkata: City-based Indian Chamber of Commerce (ICC) Monday announced that it will invest $5 billion in Bangladesh to set up a special economic zone (SEZ) aimed at attracting investments from India. An ICC delegation, which is now touring Bangladesh, has made this offer to officials of that country, the chamber said in a statement issued here. "The delegation has requested for a suitable plot of 150 acres for this purpose," it added. The ICC team met Bangladesh Prime Minister Sheikh Hasina in Dhaka. The industry representatives urged the Bangladesh government to take measures to attract more Indian companies to use Both sides discussed issues like specific measures that could be taken by the Bangladesh government to increase the use of Chittagong and Mangla ports by Indian companies and importance of setting up world-class integrated facilities at land custom stations like Petrapole. Issues like developing softer borders, regularising trade exchanges and improving connectivity and infrastructural links by upgrading railway network and highways were also discussed. ICC also suggested opening of a deputy high commission office of Bangladesh at Guwahati or Shillong.
Source: IANS
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