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Trade and businesses between India and Bangladesh on upward graph

Kolkata, Dec 11 (UNI) High Commissioner of India to Bangladesh Harsh Vardhan Shringla today said the bilateral trade and export between India and Bangladesh has increased around 40 per cent in recent years.
Addressing an interactive sessions here, organized by the Indian Chamber of Commerce (ICC), Mr Shringla pointed out that Bangladesh’s export to India has also witnessed almost 100 per cent growth, while India has invested $8 billion in Bangladesh, mostly for the development of infrastructure and logistics.
Listing the growth due to cordial relations between the two neighbouring nations, Mr Shringla said the
private investments have also gone up significantly.
Navy to navy cooperation between the two countries was also very well founded, he said, with very humane policy of returning fishermen on both sides and strong people to people ties between the two nations.
He mentioned that visa offered by India to the Bangladeshi citizens has increased to 14 lakh in 2017 from around 5 lakhs in 2016, nearly three folds in just one year with nearly 30 lakh Bangladeshi tourists visited India last year.
The Indian diplomat opined that the economy of Bangladesh has undergone phenomenal change, growing nearly 8 per cent per year. The GDP growth per capita has increased from around $515 to $750 in the last ten years, and poverty rate has fallen from 40 pc to around 20 pc.

Mr Shringla felt that growth of the economy, coupled with improved rail and water connectivity between the two nations has opened new opportunities for the Indian industry to take advantage of the concentrated economic market in Bangladesh. He appreciated ICC’s role in enhancing India’s economic partnership with Bangladesh.

UNI PC RN
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