Bangladesh’s exports to India to grow record $2 billion by FY22: FBCCI
Bangladesh's exports to the Indian markets are expected to reach $2 billion for the first time at the end of the current financial year as the demand for Bangladeshi products is increasing to the neighbouring country.
The Federation of Bangladesh Chambers of Commerce and Industry (FBCCI) said this in a statement following a meeting between Indian High Commissioner to Bangladesh Vikram K Doraiswami and FBCCI President Md Jashim Uddin at the FBCCI office in Dhaka today.
In the last one year, the trade between Bangladesh and India has increased by 94 per cent, it said.
Addressing the meeting, Doraiswami said his country wants to improve trade and investment relations with Bangladesh in the areas of logistics, food processing, automobiles and garments.
He also sought cooperation from FBCCI for strengthening the bilateral trade relations between the two countries.
Md Jashim Uddin said the development of the logistics sector is the prime agenda of FBCCI.
The apex trade body is working to submit a 12-year plan to the government for the development of the logistics sector, he added.
On India's trade potential with Bangladesh, the FBCCI president said India could be a major supplier of yarn and cotton to the garment industry soon.
Doraiswami further said a new gate would be opened soon at Petrapol land port to facilitate the movement of trucks between the two countries.