India plans to invest $25b in Bangladesh: Envoy

[Homo Sapiens]

http://www.thefinancialexpress-bd.c...dia-plans-to-invest-$25b-in-Bangladesh:-Envoy
Published : 22 Sep 2016, 12:28:17 | Updated : 22 Sep 2016, 12:59:38
India plans to invest $25b in Bangladesh: Envoy


“India Inc is investing an estimated $11 billion in various ventures in Bangladesh,” Indian High Commissioner Harsh Vardhan Shringla said.

Prominent among these companies are Reliance Industries, the Tata Group, Ashok Leyland, Hero MotoCorp, Airtel, Marico, Godrej, VIP Industries, Ceat Tyres, Ambattur Clothing, Sahara, L&T and the Adani Group.

India having already invested 3.0 billion dollars in many projects and considering the infusion of another 11 billion dollars, a top diplomat said.

The High Commissioner met various high officials and dignitaries of India and discussed India-Bangladesh issues.

He said that a large number of important projects are being implemented jointly in Bangladesh or being executed under India’s Line of Credit funding.

“With the completion of these ongoing and proposed projects, the current India-Bangladesh annual trade volume of $6.5 billion would increase significantly,” Harsh said.

To boost trade and economy, India has already built two Integrated Check Posts (ICPs) on the India-Bangladesh borders at Agartala and Petrapole (in West Bengal), he added.

The envoy said that India-Bangladesh relations have improved extensively in the last five years and are much better than in the last 30 years.

He said that after increasing bus services between the cities of Bangladesh and India, two new rail links — Agartala (India)-Akhaura (Bangladesh) and Kolkata (India)-Khulna (Bangladesh) — are being developed.

The High Commissioner said that India has liberalised its visa procedures to a large extent and the Dhaka mission is issuing, on an average, 3,500 tourist visas per day, according to a news agency report.

-SRS-

 

[Ryuzaki]

Good,Bangladesh will see benefits of having friendly relations with India

 

[Homo Sapiens]

• • http://www.northeasttoday.in/india-a-big-player-in-bangladesh-could-invest-25-billion/
    
  • ‘India a Big Player in Bangladesh, Could Invest $25 Billion’
    Home » International » ‘India a Big Player in Bangladesh, Could Invest $25 Billion’
    
    
    
    
    September 22
    14:43 2016
    
    India is a big player in Bangladesh, having already invested $3 billion in many projects and considering the infusion of another $11 billion, a top diplomat has said. Equally important, India Inc is investing an estimated $11 billion dollars in various ventures in the country,” Indian High Commissioner to Bangladesh Harsh Vardhan Shringla said.
    
    Prominent among these companies are Mukesh Ambani’s Reliance Industries, the Tata Group, Ashok Leyland, Hero MotoCorp, Airtel, Marico, Godrej, VIP Industries, Ceat Tyres, Ambattur Clothing, Sahara, L&T and the Adani Group. Shringla was in Tripura as a part of his visit to five Indian states that border Bangladesh. He met Chief Minister Manik Sarkar, Chief Secretary Yashpal Singh and various other officials and dignitaries and discussed India-Bangladesh issues.
    
    The High Commissioner said that a large number of important projects are being implemented jointly in Bangladesh or being executed under India’s Line of Credit funding. “With the completion of these ongoing and proposed projects, the current India-Bangladesh annual trade volume of $6.5 billion would increase significantly. To boost trade and economy, India has already built two Integrated Check Posts (ICPs) on the India-Bangladesh borders at Agartala and Petrapole (in West Bengal).”
    
    India’s Commerce Ministry constructed the multi-purpose ICPs for Rs 75 crore each to provide better facilities for effective and efficient discharge of functions like security, immigration, customs and quarantine, while also providing support facilities for smooth cross-border movement of people, goods and transport.
    
    “A third ICP would be constructed at Dawki (in Meghalaya) and the official process has begun for this,” the envoy said. In this context, the envoy noted that a pilot cargo truck from Bangladesh recently travelled more than 1,850 km and reached Delhi in three days, successfully demonstrating the benefits of the Motor Vehicle Agreement inked by Bangladesh, Bhutan, India and Nepal.
    
    “India-Bangladesh relations have improved extensively in last five years and are much better than in the last 30 years. We are working towards the re-integration of our economies. We have largest length of 4,096-km borders and this can be useful if its potential is realised. Realising this, both countries are developing their border infrastructure.”
    
    He said that after increasing bus services between the cities of Bangladesh and India, two new rail links — Agartala (India)-Akhaura (Bangladesh) and Kolkata (India)-Khulna (Bangladesh) — are being developed. “Work for constructing a bridge in southern Tripura over the river Feni to connect the northeastern states with the Chittagong sea port and extension of Bangladeshi highways to link the northeastern states would start early next year.”
    
    “Bangladesh has already offered India the use of the Chittagong, Mongla and Ashuganj ports. India is also helping develop the Ashuganj port. All these ports would be greatly beneficial for land-locked northeast India.”
    
    The High Commissioner said that India has liberalised its visa procedures to a large extent and the Dhaka mission is issuing, on an average, 3,500 tourist visas per day. “There are several types of visa being issued and there is no maximum limit on their issuing. This is being done to further reinforce the India-Bangladesh people-to-people contacts,” he added.
    
    Five Indian states — West Bengal (2,216 km), Tripura (856 km), Meghalaya (443 km), Mizoram (318 km) and Assam ( 263 km) — share their border with Bangladesh.
    
    -IANS

 

[HIT AND RUN]

They first invest and then cripples that economy soon or later, that's what done with other countries and now they have become enemies of India themselves with not to mention but the whole world knows them lol EXCLUDING US

 

[alaungphaya]

Yep. As I said, Bangladesh will be an Indian satellite. They are the only ones willing to invest to move you on the value chain.

 

[cloud4000]

Both China and India are investing heavily in Bangladesh. If Bangladesh does its job right, it will manage to extract the most benefits by playing China and India off each other.

They first invest and then cripples that economy soon or later, that's what done with other countries and now they have become enemies of india themselves with not to mention but whole world knows them lol EXCLUDING US

Pakistan could learn from Bangladesh, which is much stronger economically than Pakistan.

 

[Mage]

Yep. As I said, Bangladesh will be an Indian satellite. They are the only ones willing to invest to move you on the value chain.

Idiotic statement actually. China invests much Moore than India in Bangladesh. Japan,Russia are also major contributor in many projects. Other countries also invest every now and then. India has only been investing recently.

What you are not willing to see is many countries Bangladesh as an attractive destination for investment.

 

[HIT AND RUN]

Both China and India are investing heavily in Bangladesh. If Bangladesh does its job right, it will manage to extract the most benefits by playing China and India off each other.



Pakistan could learn from Bangladesh, which is much stronger economically than Pakistan.

And, India should learn from Nepal, which is a tiny country your enemies now most of the army men are from Gorkha regiments from Nepal and protecting your country, which is strong enough emotionally, then you and mentally than you, and soon would boost with the presence of our Brother China in Nepal and we are also Investing too and soon Nepal wouldn't be dependent on your country anymore after our trade intervention and boosting the economy of Nepal

 

[alaungphaya]

Idiotic statement actually. China invests much Moore than India in Bangladesh. Japan,Russia are also major contributor in many projects. Other countries also invest every now and then. India has only been investing recently.

What you are not willing to see is many countries Bangladesh as an attractive destination for investment.

Not at all. China et. al. provides aid and grants and cheap loans at the government to government level. India is the only country willing to invest in business as contrary to your statement BD is a real underperformer in attracting FDI.

 

[Species]

Not at all. China et. al. provides aid and grants and cheap loans at the government to government level. India is the only country willing to invest in business as contrary to your statement BD is a real underperformer in attracting FDI.

Monkey man, China and Japan are already awarded several economic zones where Chinese and Japanese companies are going to invest, these topics are not your cup of tea. Talk about the things that interests you, what's the price of timber in your jungle these days?

 

[damiendehorn]

$25bn, very unlikely ($5-6 at max). China and Japan will always be the biggest investors in the Bangladesh economy, and the rate of infra investments needed in the comming decade (to 2025) will mean only China and Japan who have the long term financial capacity to provide the loans/terms to complete.

 

[Mage]

Not at all. China et. al. provides aid and grants and cheap loans at the government to government level. India is the only country willing to invest in business as contrary to your statement BD is a real underperformer in attracting FDI.

That's good actually. Any economy dependent on FDI is a bad economy in my opinion.

Well I could show you some projects that Japan, China and Russia has contributed to. However I do not think you have any interest to discuss other than trolling. So I'd rather refrain from doing so. If Bangladesh doing badly makes you feel better than you should definitely think this way. This is your right.

 

[UKBengali]

Yep. As I said, Bangladesh will be an Indian satellite. They are the only ones willing to invest to move you on the value chain.

Indians talk but rarely deliver.
Look at past investment proposals and see how many actually materialised.

Please note that China has actually lent BD 9 billion dollars just this year for actual
infrastructure projects.

 

[alaungphaya]

Monkey man, China and Japan are already awarded several economic zones where Chinese and Japanese companies are going to invest, these topics are not your cup of tea. Talk about the things that interests you, what's the price of timber in your jungle these days?

Show me these SEZ then, little brown chimp boy.

That's good actually. Any economy dependent on FDI is a bad economy in my opinion.

Well I could show you some projects that Japan, China and Russia has contributed to. However I do not think you have any interest to discuss other than trolling. So I'd rather refrain from doing so. If Bangladesh doing badly makes you feel better than you should definitely think this way. This is your right.

Again, on the contrary, I have been proven right - India is the only country willing to put up the $ for FDI. I generally enjoy being right.

 

[Mage]

$25bn, very unlikely ($5-6 at max). China and Japan will always be the biggest investors in the Bangladesh economy, and the rate of infra investments needed in the comming decade (to 2025) will mean only China and Japan who have the long term financial capacity to provide the loans/terms to complete.

I think so too. India don't really have much room to invest in other country. They need to invest and attract other investments in their own country.