“We want to set up a singular mechanism to permit Bangladesh’s BSTI certification, particularly for meals merchandise in addition to different merchandise, together with metal, in a reciprocal method,” he mentioned throughout a courtesy go to to Dhaka Chamber of Commerce and Business (DCCI) in the present day the place he had a bilateral commerce speak with DCCI President Rizwan Rahman.
The price of transportation and time between Delhi and Chattogram Port could be very excessive, the Indian excessive commissioner mentioned.
He urged the enterprise group of each nations to persuade the federal government to improve items transportation amenities.
Doraiswami additionally known as for infrastructure improvement and technological development in any respect land ports in Bangladesh to expedite quicker export and import course of. At the moment there are 5 railway crossings which can be linked between the 2 sides.
Renewing his name for railway infrastructure and capability improvement, Doraiswami mentioned railway could be the perfect cost-effective possibility for items export and import.
“We’re additionally very eager to expedite the usage of Bangladesh’s present river ports for items transportation, however this wants a number of regulatory issues to be performed, together with river dredging,” he mentioned.
Relating to Indian funding in Bangladesh, he mentioned: “It could be nice if we may collectively work to stimulate extra Indian companies to come back to Bangladesh and spend money on SEZs [Special Economic Zones] as Bangladesh has enormous potential.”
Throughout the dialogue, DCCI President Rizwan Rahman mentioned that the bilateral commerce between Bangladesh and India was US$ 6.9 billion in FY 2019-20 the place Bangladesh’s export to India was US$ 1.10 billion in opposition to the import of US$ 5.79 billion.
The entire FDI Inventory from India to Bangladesh as of September, 2020 was US$ 645.54 million.