Thursday, Feb 13 2025 | Time 11:16 Hrs(IST)
image
Business Economy


Working on dismantling non & para-tariff barriers with India: Bangladesh HiCOM

New Delhi, June 20 (UNI) India and Bangladesh are working on dismantling the Non-Tariff and Para-Tariff Barriers, said High Commissioner of Bangladesh Syed Muazzem Ali.
He was speaking at the seminar “Bangladesh's Graduation from LDC: New Frontiers and Horizons for India-Bangladesh Economic Engagement” jointly organised by the Federation of Indian Chambers of Commerce and Industry (FICCI) and the Bangladesh High Commission here on Wednesday.
Bangladesh has recently graduated from "Least Development Category" of the United Nations Committee for Development Policy.
Mr Ali said that India and Bangladesh could renew economic engagements in the light of Bangladesh's graduation from LDC and India's emergence as a global power with strong economic growth.
"We seek substantial investment from Indian investors in three special economic zones of Mongla, Bheramara and Mirsarai in Bangladesh to broaden our exportable base,” he said, and added, "we could engage in a series of 'buy-back' projects similar to those between USA and Canada."
He said that Bangladesh-India bilateral ties could also act as a catalyst for strengthening regional and sub-regional cooperation and integration, adding "both the countries are working on strengthening the sub-regional cooperation under the BBIN initiative as well as inter-regional cooperation under the aegis of BIMSTEC and ASEAN."
Md. Abul Kalam Azad, Principal Coordinator (SDG Affairs), Prime Minister's Office, Bangladesh in his presentation said that way forward for Bangladesh following its graduation from LDC would be to increase investment in human development, overcome infrastructure gap, invest in quality education and research, adopt innovation and digitalization, enhance north-south, south-south, triangular cooperation and diversify export.

Dr. Ram Upendra Das, Head & Professor, Centre for Regional Trade, Department of Commerce, Govt. of India said “South Asian economic integration has not moved at the pace it could have. It is high time we adopt an integrated approach to trade in goods, services, and investments so as not to miss out on the synergies between the
three.”
Manish Singhal, Deputy Secretary General, FICCI said that a thriving well-connected and an integrated neighbourhood is indispensable for economic growth, “the classification of Bangladesh as a developing country would certainly leapfrog the existing bilateral engagement between India and Bangladesh," he added.
UNI DJK ADG 1945
More News
Sensex jumps over 400 pts

Sensex jumps over 400 pts

13 Feb 2025 | 10:55 AM

Mumbai, Feb 13 (UNI) The BSE Sensex on Thursday smartly recovered 409 pts at 76,580 in the opening session as buying was seen across the board.

see more..

Airtel awards contracts to Nokia to expand 5G Fixed Wireless Access devices

13 Feb 2025 | 1:32 AM

Kolkata, Feb 12 (UNI) Bharti Airtel has awarded a contract to Nokia, and Qualcomm focusing on the expansion of 5G Fixed Wireless Access (FWA) and Wi-Fi solutions to facilitate high-speed internet access to millions across India.

see more..

Tata Power Renewables, ONGC collaborate to lead way in Battery Energy Storage system

13 Feb 2025 | 12:16 AM

Kolkata, Feb 12 (UNI) Tata Power Renewable Energy Limited (TPREL), a subsidiary of The Tata Power Company Limited and a leading player in India’s renewable energy sector, has signed a non-binding memorandum of understanding (MoU) with Oil and Natural Gas Corporation Limited (ONGC), India’s premier energy company, to explore joint opportunities in the Battery Energy Storage System (BESS) and its value chain.

see more..

Suven Pharma Q3FY25 consolidated net profit up to Rs 83 29 cr

12 Feb 2025 | 10:32 PM

Hyderabad, Feb 12 (UNI) Suven Pharmaceuticals Ltd. a technology-led global Contract Development and Manufacturing Organization (CDMO), on Wednesday announced that its consolidated net profit increased to Rs 83.29 crore for the third quarter ended December 31, 2024 from Rs 46.75 crore in the corresponding period in last year.

see more..

Godrej Enterprises Group secures strategic MOUs at Aero India

12 Feb 2025 | 10:29 PM

Kolkata, Feb 12 (UNI) The Aerospace business of Godrej & Boyce, a part of Godrej Enterprises Group, is strengthening its commitment to India's self-reliance vision through signing of multiple significant MoUs during Aero India 2025 at Bengaluru to support national programs backed by the Government of India.

see more..
image