India and Bangladesh can build a global supply chain together and cooperate in a host of other economic sectors, said Riva Ganguly Das, the Indian High Commissioner to Bangladesh.
"Since Bangladesh is trying to turn into a developed nation, it needs modern engineering capabilities. And to this end, Indian firms could be their best partners," she stated on Wednesday while addressing a three-day Indian engineering trade show in Dhaka.
Industries Minister Nurul Majid Mahmud Humayun inaugurated the "INDEE Bangladesh 2020" exhibition at the International Convention City Bashundhara (ICCB).
Over 120 leading Indian companies, including Indian Oil Corporation and Bharat Earth Movers, are participating in the exhibition. The Engineering Export Promotion Council of India (EEPC India) organised the event.
"Bangladesh is a very conducive place for trade and investment as it has been registering an impressive economic growth of 8 percent in recent years," said the Indian high commissioner.
"Prime Minister Sheikh Hasina has announced the year 2020 as the year of Light Engineering products in Bangladesh, and in this regard, INDEE 2020 could be an excellent platform to connect engineering equipment and machines between the two countries," she added.
High Commissioner Das further said that since Bangladesh has emerged as a leading apparel exporter, India could be a partner to the country in supplying textile machinery, because the Indian textile engineering sector is quite strong.
Among others, Ravi Sehgal, chairman of EEPC India, Md Muntakim Ashraf, senior vice president of FBCCI, and Suranjan Gupta, executive director of EEPC, also addressed the inaugural ceremony.
The commerce and industries ministries are sponsoring the event. The Indian High Commission in Dhaka, and Bangladeshi apex trade bodies including, FBCCI, IBCCI, BEIOA and BEMMA also assisted in organising the event.
The first edition of INDEE Bangladesh was held in November in 2017 with the participation of over 100 Indian companies from engineering and allied sectors.