CII team to visit Bangldesh, explore investment scopes

CII Eastern Region will take a 13-member delegation to Dhaka from November 8-10, in an attempt to give exports of goods to Bangladesh a “big push” and explore fresh business opportunities.

Arun Misra, Chairman, CII Eastern Region Investment Task Force, and Vice President (Project Gopalpur), Tata Steel Ltd and Managing Director, Tata Steel SEZ Ltd, will lead the delegation.

During the three-day stay in Bangladesh, the CII delegation will meet a host of senior officials, especially those associated with the Power and Industry Ministries in Bangladesh, Investment Development Authority and also Bangladesh Bank.

“Not only is Bangladesh India’s largest trading partner in South Asia, it is a natural ally for businesses in India. There is a huge scope to popularise Indian products and raise the volume of bilateral trade and investment, especially at a time when many countries have turned their focus on Bangladesh,” TV Narendran, Chairman, CII Eastern Region, and Managing Director, Tata Steel Ltd, said.

The potential sectors for investment in Bangladesh are power, power cables, cement, steel and pharmaceuticals textiles, spinning, frozen foods, leather, electronics, agro based industry, IT, ceramics, light engineering and natural gas based industries, Narendran added.

“The aim of the CII business mission is also to make a strong case for the Eastern and North-Eastern States of India, understand how we can work more closely with our Bangladeshi counterparts and create a win-win situation for both,” said Arun Misra, leader of the CII delegation.

The itinerary of the CII Business Mission includes meetings with high-profile business leaders and chambers of commerce, B2B meetings and a visit to the inauguration of the Power Bangladesh 2016.