WebinarsNew
Deep DiveNew
Explore Business Standard
Businesses from India and the US have expressed interest in investing in Bangladesh and made proposals to improve the country's investment climate, Commerce Minister Khandakar Abdul Muktadir has said. Muktadir's remarks on Saturday came after attending a meeting at the Sylhet Metropolitan Police headquarters. He also said that some Indian businesspeople who recently visited Bangladesh have already invested in the country, the state-run BSS news agency reported. The commerce minister's remarks came days after a 14-member Confederation of Indian Industry delegation visited Bangladesh from August 17 to 19 to explore opportunities for expanding bilateral trade, investment and industrial cooperation. He said that Indian businesspeople have expressed interest in making the land ports between Bangladesh and India fully operational. "They have said that the closure or limited operation of land ports increases the cost of raw materials for Indian businesses," he said. Indian business ...
US Commerce Secretary Howard Lutnick on Monday asked businesses to manufacture in the US to access local markets and offered companies L-1 visas to bring employees to launch projects here. Addressing the SelectUSA Investment Summit at National Harbour in Maryland, Lutnick said the US has flipped the script and was now encouraging companies to set up shop in the US instead of outsourcing production to other countries. "If you want to successfully sell in the United States, build here. Build here. If you want to access our markets..., hire our workers and do it here," Lutnick said. He described it as the "old model" where the US exported its intellect and intellectual property and all other countries built the factories. "We sort of outsourced production everywhere else in the world, but with Advanced manufacturing, we can bring it back," he said. "Our trade agenda has made it clear. If you build here, and you hire here, and you strengthen our industrial base, we will help you. We w