Investors keen to open luxury hotels in Kolkata: FBCCI chief
Bangladeshi investors want to build five-star and three-star hotels in Kolkata, said Matlub Ahmad, president of the Federation of Bangladesh Chambers of Commerce and Industry (FBCCI).
Ahmad urged the West Bengal government to give permission to the Bangladeshi investors to set up luxury hotels during his visit to Kolkata to join the two-day Biswa Banga Banijjya Sammelon organised by West Bengal government.
The 53-member trade delegation from Bangladesh included Industries Minister Amir Hossain Amu and State Minister for Telecom Tarana Halim. Investment agreements worth around Tk 2.35 lakh crore have been signed at the event, West Bengal Chief Minister Mamata Banerjee said at the concluding ceremony of the event.
Bangladeshi entrepreneurs also want to invest in leather and garments industries in Kolkata, Ahmad said.
Prime Minister Sheikh Hasina has shown positive attitude towards opening a capital account, he said. At present the amount of Bangladesh's reserve is $32 billion, which is enough to open a capital account, he said.
A capital account shows the net change in physical or financial asset ownership for a nation and, together with the current account, constitutes a nation's balance of payments. The capital account includes foreign direct investment, portfolio and other investments, plus changes in the reserve account.
The Bangladeshi businessmen held separate meetings with their Indian counterparts on the concluding day when Kolkata Merchant Chamber of Commerce and Industry signed a cooperation agreement with the FBCCI.
Comments