Launch joint ventures for mutual benefits

Bangladesh High Commissioner to India Syed Muazzem Ali yesterday urged Indian investors to launch joint venture projects in Bangladesh for mutual benefits of the two neighbours.

“Bangladesh has a huge skilled and semi-skilled young workforce, and the country offers attractive incentives for the development of joint venture projects... on a 'buy back' basis,” he said at the inauguration of the silver jubilee of the International Guwahati Trade Fair in Guwahati, Assam.

He said the Indian investors should take advantage of “our cheaper labour costs and closer proximity to the north-east markets to set up industries in Bangladesh and export the products to India”.

He hoped that Industries Trade Fair Association of Assam (ITFAA) would play an effective role in further strengthening the India-Bangladesh economic integration, especially with the north-east region.