Bangladesh to benefit if Indian cos invest in untapped sectors
Analysis
The terms of reference that both Bangladesh and India have reached for a CEO forum will benefit the former if the latter's companies invest in sectors, which are yet to flourish.
Together, we should not explore the strengths we already have.
The sectors incorporated in the terms of reference of India-Bangladesh CEO Forum are textile, pharmaceuticals, leather, agriculture and food processing value chains, automobiles, and services. Each has the potential to see greater bilateral ties, while cooperation in agriculture and food processing is very important.
For the effectiveness of the forum, it needs meaningful representation from relevant sectors in both the countries.
The business-to-business joint work helps pinpoint the realities to remove many bottlenecks which the government-to-government communication often overlooks.
Chief Executive Officers of both the countries' top companies in relevant sectors can effectively sort out problems and come up with policy-level inputs that can enhance bilateral trade, investment and export to third countries.
Rupali Chowdhury spoke to Mahfuzullah Babu over the phone.
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