Business Standard

Bengal Inc expects better Indo-Bangla relations


Press Trust of India Kolkata
Industralists and business chambers of West Bengal Monday hoped that Indo-Bangla relations will deepen and trade between the two countries with Sheikh Hasinas ruling alliance which has won the election in Bangladesh with a thumping majority.
Bangladesh Prime Minister Sheikh Hasina's Awami League-led grand alliance Monday swept to a landslide victory in the general elections securing a third straight term even as the opposition grouping rejected the poll outcome as "farcical".
The Awami League-led grand alliance won 288 seats in the 300-member Parliament, Election Commission (EC) secretary Helaluddin Ahmed said after counting of votes in the elections.
Sanjay Budhia, Patton Group promoter, said "Trade ties will also accelerate with India and West Bengal in paticular ... With political stability we will explore and foray into the Bangladesh market directly".
"The shared interests and aspirations to ensure national welfare and security will strengthen the Indo-Bangla bilateral relations, while people-to-people contacts will open more opportunities," Bharat Chamber of Commerce president Sitaram Sharma said.
He hoped that that the pace of co-operation would certainly meet a new high in the third term.
During the past couple of years, there have been great progress in bilateral relationship between the two countries which have resulted in over 90 agreements including in high-tech areas like space research, IT, electronics, cyber security and civil nuclear energy.
"I am delighted that Sheikh Hasina has won the elections in Bangladesh. Her victory will expedite economic growth and lead to greater prosperity in Bangladesh. I am confident that under her dynamic leadership India and Bangladesh will increase their cooperation on economic and trade matters, Merchants' Chamber of commerce and Industry president, Vishal Jhajharia said.
Century Plyboards mamaging director Sanjay Agarwal said, Bangladesh is a very highly protected economy. "The country has very high tariffs so most exports from India are undervalued. Thus there is no equal play."

He hoped that the situation will become more conducive.

Disclaimer: No Business Standard Journalist was involved in creation of this content

Don't miss the most important news and views of the day. Get them on our Telegram channel

First Published: Dec 31 2018 | 5:25 PM IST

Explore News