High Commissioner Riva Ganguly Das said the India-Bangladesh bilateral relations and the recent connectivity initiatives taken by both the countries in railways and inland waterways will help reduce the cost of trade.
"With their resilient economies and robust business environment, both the countries will not only be able to deal with present challenges but also make use of new opportunities," she said this at a webinar titled "India-Bangladesh Partnership-Economic revival in a post-Covid-19 world", reads a press release.
Riva Ganguly also urged Indian business leaders to explore opportunities for collaboration and joint ventures with Bangladesh, including for exports to third countries, utilizing the excellent manufacturing environment, vibrant demography and favourable investment atmosphere.
More than 100 industry leaders attended the webinar organised by the High Commission of India in Dhaka in collaboration with India- Bangladesh Chambers of Commerce & Industry (IBCCI) on Tuesday.
Highlighting the "Atma-nirbhar Bharat" scheme rolled out by the Indian Prime Minister, Riva Ganguly said the stimulus package of 21 trillion rupees under this scheme will accelerate infrastructure development, boost micro, small and medium enterprises, improve opportunities for foreign traders and investors, etc in India.
This will help India to become part of global value chains in collaboration with partner countries and opens huge opportunities for Indian and Bangladesh businesses to look at sectors where they can collaborate, she added.
India-Bangladesh Chamber of Commerce President Abdul Matlub Ahmed highlighted the need to capitalise on the new opportunity given to both nations through mutual trust and cooperation.
The change in the world economic scenario is pushing India and Bangladesh as the land of great investment opportunities, he added.
Matlub also emphasised the need for more investments, integration, cohesion, capacity building and knowledge sharing in the South Asian region to build a robust trade network.
Industry leaders from the Iffad Group, Tata Motors, SBI Bangladesh, Indofil, and Shorthi Enterprises among others deliberated on the new opportunities in global trade and the regional scenario across different sectors of economy.