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High Commission of India

Dhaka

Remarks by High Commissioner of India, Mr. Harsh Vardhan Shringla at the Inauguration of the Buyer-Seller Meet for Fruits, Vegetables, Cereals, Fishery & Processed Food, July 08, 2017, Dhaka

H.E. Mr. Amir Hossain Amu, Hon’ble Minister of Industries, Bangladesh

Mr. Md. Shafiul Islam, President of the Federation of Bangladesh Chambers of Commerce & Industry

Mr. Taskeen Ahmad, President of the India Bangladesh Chamber of Commerce & Industry,

Mr. Abdul Matlub Ahmad, Immediate Past President of the Federation of the Bangladesh Chambers of Commerce & Industry

Dr. Rajeev Singh, Director General of the Indian Chamber of Commerce 

Mr. Mir Shahabuddin Mohammad, Secretary General of FBCCI

Mr. Jahangir Bin Alam, Secretary & CEO of the IBCCI 

Friends from the media

Ladies and gentlemen

It is a great pleasure to be here at the inauguration of the buyer seller meet being organized by the Indian Chamber of Commerce in association with the Federation of Bangladesh Chambers of Commerce & Industry and the India Bangladesh Chamber of Commerce & Industry in the area of agriculture, horticulture and food processing.

2.    India-Bangladesh trade and commercial relationship are on upward trajectory. During the visit of Prime Minister Sheikh Hasina to India in April 2017, 13 agreements worth an estimated USD 10 billion of mainly Indian investments in Bangladesh in the power, energy, logistics, medical and education sectors were signed.

3.   There is great potential for creating cross-border value chains in different sectors. We already have a great example of this on the Meghalaya-Bangladesh border where Lafarge Surma Cement imports limestone from Meghalaya using a cross-border conveyor belt for its cement plant close to the border in Bangladesh. 

4.    Agriculture, horticulture and food processing are areas in which there is great scope for cross-border cooperation. India can supply agricultural and horticultural products to Bangladesh both for direct consumption and for being used as inputs for the foodprocessing industry.Bangladesh companies can also access the Indian market, the Northeastern markets in particular, by exporting finished products and by exploring opportunities for investment there. Products of Pran Group from Bangladesh, which has also invested in Tripura, are already doing very well in our Northeastern states. In this context, I would like to highlight that Indian authorities have now started accepting the test certificates issued by the Bangladesh Standards and Testing Institution for 21 food items.  

5.    I am happy to note that 50 traders and companies of agricultural, horticultural and processed food items from different parts of India are participating in this event. I am also happy to see excellent response shown by their Bangladesh counterparts to the buyer seller meet. I am told that more than 250 Bangladesh traders and companies are expected to visit the meet. I am certain that the interactions during the event will result in generation of new opportunities for business community in both countries.

6.    I congratulate the Indian Chamber of Commerce for taking this initiative. I would like to thank the FBCCI and the IBCCI for supporting the organization of the buyer seller meet. I would also like to thank the Hon’ble Industries and Commerce Ministers of Bangladesh for taking time out of their busy schedules to attend the inauguration of the event today.

Thank you.

 
 
 


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