Bangladeshi envoy calls for 'greater' Indian trade investment

Describing Bangladesh as the "most liberal and business-friendly economy" in the region, Bangladesh High Commissioner to India Syed Muazzem Ali has urged the Indian businessmen to make a greater investment in his country for mutual gains of the two closest neighbours.

"Prime Minister Sheikh Hasina and her Government have given maximum importance to transform Bangladesh into one of the most favoured investment destinations in South Asia," the envoy stated in a seminar at Aurangabad, Maharashtra on Friday.

The seminar on investment potentials in Bangladesh was jointly organised by the Marathwada Chamber of Industries and Agriculture and Bangladesh Deputy High Commission in Mumbai.

The Bangladeshi envoy said pro-investment policies are being implemented, along with massive reforms in the relevant government organisations.

With annual economic growth registered at 7.86 per cent Bangladesh, the envoy said, the country is hungry for more investment in its economy. Bangladesh needs substantial foreign and domestic investment to keep patch with the high trajectory of economic development.

"As one of the world's fast-growing economy, India can seize the business opportunities offered by Bangladesh. Indian business giants like Ambani, Adani and others are coming forward. But the Indian investors' response is not enough. They need to be more vigorous," the high commissioner said.