Indian entrepreneurs can further invest in the industrial sector of Bangladesh for enhanced co-operation of both countries, hopes Industries Minister Amir Hossain Amu.
"There exists an investment-friendly environment in Bangladesh. Indian investors can further enhance their investment here," he said.
The industries minister said it while meeting with his Indian counterpart Suresh Prabhu at the latter’s New Delhi office on Friday.
The ministers resolved to convene a joint event in Dhaka to promote industrialisation in Bangladesh in February 2018.
Suresh Prabhu proposed to carry out joint study on products exported by both countries to complement each other and attain synergy.
Prabhu also informed that Indian prime minister Narendra Modi is very keen to conclude the Teesta agreement during his tenure, says a BSS report citing a press release.
Earlier, Amu delivered the key note speech at a session titled "Integration of SMEs in Global Value Chain (GVC) - Challenges and Opportunities" of the 21st International Conference on Small and Medium Enterprises being held in New Delhi.
In his speech, he particularly focused on three overarching themes: importance of Small and Medium Enterprises (SMEs) for inclusive growth; ways for integration of SMEs into Global Value Chains (GVCs) and actions to foster deeper participation in GVCs.
In his speech, Amu said SMEs are the striving force for Bangladesh's economy
"Our SME sector represents more than 90 per cent of enterprises in the country; contribute around 25 per cent of GDP and 23 per cent of total employment (including agriculture), 80-85 per cent in industrial employment and 75 per cent of household income," said he.
