Monday, Apr 22 2019 | Time 07:41 Hrs(IST)
image
  • Butina's defence asks US court to exclude testimony alleging she acted on behalf of Moscow
  • US Special envoy Volker praises Poroshenko for his work, for accepting will of Ukrainians
  • Landslide kills fourteen in Colombia
  • Zelenskiy leading in Ukraine's runoff with 73 2 pc after 40 88 pc of ballots counted - CEC
  • Ram temple: Pragya’s words raise eyebrows
  • Ram temple: Pragya’s words raise eyebrows
  • Rajnath meets Jain monk
  • Rajnath meets Jain monk
  • Death toll of clashes in Libya's capital rises to 227: WHO
  • Dhoni's 84* goes in vain as RCB win 1-run thriller against CSK
  • Nath regime trying to misguide: Rajnath
  • Nath regime trying to misguide: Rajnath
  • India’s economy better now: Rajnath
  • India’s economy better now: Rajnath
  • Zelensky wins Ukraine's presidential election
Business Economy


Improved connectivity to boost bilateral trade b/w India & Bangladesh

New Delhi, Oct 11 (UNI) Bangladesh is sending a strong buyer delegation to India during the upcoming Indus Food-II to be held in January 2019 in Greater Noida, announced Jahangir Bin Alam, Secretary & CEO of Dhaka-based India-Bangladesh Chamber of Commerce & Industry (IBCCI).
Mr Alam visited Trade Promotion Council of India (TPCI) office here on Wednesday for talks.
Indus Food-II is being organised jointly by Department of Commerce, Ministry of Commerce and Industry.

The bilateral trade between the two countries touches $9 billion out of which Bangladesh exports goods worth $900 million.
The IBCCI CEO said that trade growth depends on the developmental progress of Bangladesh, adding that Bangladesh is growing and hence trade is increasing with India and the rest of the world.
India being an immediate neighbour with whom Bangladesh not only shares a long border but also culture, traditions and language will be looking towards India to import the items it needs.
There is immense scope for increasing Food & Beverages (F&B) exports from India to Bangladesh.
Presently, Bangladesh’s total import of F&B from the world is USD 5016.4 million, out of which India is fifth in ranking with exports worth USD 332.4 million.
Bangladesh currently sources 17.2 per cent of its F&B requirements from Brazil, followed by Indonesia (12.1 per cent), Canada (9.7 per cent), Argentina (9.1 per cent) and India (6.6 per cent).
Fresh fruits going from India to Bangladesh include mangoes, grapes, pomegranates and apples.
Among other F&B products, there is still great scope for added export of dried, shelled chickpeas, fresh or chilled onions and shallots, food preparations, cumin seeds, fresh grapes, semi-milled or wholly milled rice, black fermented tea and partly fermented tea, turmeric and cane sugar.
Improved connectivity between the two countries will help a lot in developing trade further. Till only a sometime back, maximum trade between India and Bangladesh was routed through ports in Singapore.
The traditional river waterways that connected various cities in Bangladesh to India were operational till 1965. The recent thrust to rebuild those waterways and develop new routes to ease connectivity will not only be in the interest of bilateral trade between India and Bangladesh, but will also help Indian mainland to connect better with its own North Eastern States.
Indusfood is being billed as the World Food Supermarket – a one-stop event to source all requirements related to food and beverage from India, according to Commerce and Industry ministry statement here on Thursday.
UNI RSA ADG 1505
More News

Traders to support BJP in LS elections

21 Apr 2019 | 4:15 PM

New Delhi, Apr 21 (UNI) Confederation of All India Traders (CAIT), the apex body of business community has declared to support and vote Prime Minister Narendra Modi and the BJP in Lok Sabha Polls.

see more..

KSUM & Google to organize 'TechStars Startup Weekend' from Apr 26

21 Apr 2019 | 12:22 PM

Thiruvananthapuram, Apr 21 (UNI) Kerala Startup Mission (KSUM), in association with Google for Entrepreneurs, will organize the “TechStars Startup Weekend” here from April 26.

see more..
$5 bn required annually for municipal solid waste management through PPP mode in Indian cities: study

$5 bn required annually for municipal solid waste management through PPP mode in Indian cities: study

21 Apr 2019 | 10:10 AM

Kolkata, Apr 21 (UNI) An amount of US$5 billion every year is required to implement public-private partnership (PPP) model for municipal solid waste management (MSWM) in Indian cities, noted a recent ASSOCHAM-EY joint study.

see more..

TATA Group team meets J&K Governor

20 Apr 2019 | 9:21 PM

Jammu, Apr 20 (UNI) A team of TATA Group on Saturday met Jammu and Kashmir Governor Satya Pal Malik here at the Raj Bhavan.

see more..

MARKETS-GUJ-BULLION

20 Apr 2019 | 5:04 PM

Ahmedabad, Apr 20 (UNI) The Ahmedabad Bullion market showed a divergent trend here on Saturday.

see more..
image