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Nine Indian companies want to invest Tk 800 cr in Bangladesh Bangladesh-India
Photo: Collected Press conference held at BIDA's office

Nine Indian companies want to invest Tk 800 cr in Bangladesh

Bangladesh Live News | @banglalivenews | 29 Aug 2022, 07:42 pm

Own Correspondent, Dhaka, August 29: Nine Indian companies want to invest Tk 800 crore in Bangladesh. In this regard, they are interested in investing in consumer goods, transportation, tourism, and energy sectors. Already initial agreements have been signed with the companies and an investment agreement of Tk 300 crore has been signed with Bangladesh's Nitol Group.

Bangladesh Investment Development Authority (BIDA) Executive Chairman Md. Sirajul Islam said these things in a press conference on Sunday. Abdul Matlub Ahmad, President of India-Bangladesh Chamber of Commerce and Industries and Chairman of Nitol Niloy Group, also spoke at this press conference held at Bidara's office.

The executive chairman of BIDAsaid that recently a delegation including some businessmen from Bangladesh visited Jaipur, the capital of Rajasthan, India. This delegation also included Bida's Executive Chairman. Their main conference was held on August 23 with businessmen from India. At this time, Indian businessmen expressed interest in investment.

He said Indian investors have expressed interest in investing a large amount in various sectors of Bangladesh. Nine Indian companies jointly signed the EoI (Expression of Interest) with various Bangladeshi companies. The amount of Indian investment will be over Tk 800 crore. In between, TVS, Three Wheeler Cargo, and Mustard Well jointly signed an investment agreement with Nitol Niloy Group.

Also signed an investment agreement of Tk 50 crore with another organization called Bijoy Enterprises. Sirajul Islam also said that Prime Minister Sheikh Hasina will visit India next month. Before these agreements are very important.

He said that the Prime Minister has a meeting with the Confederation of Indian Industries. As a result, more Indian investment will come to Bangladesh.

Abdul Matlub Ahmad said Indian investors are very interested in investing in Bangladesh. At present Bangladesh exports about 2 billion US dollars worth of goods to India. If it is raised to $3 billion, the trade deficit will come down to a large extent.