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Connectivity can increase Bangladesh’s export to India by 300%: Verma

BSS . Dhaka
03 May 2023 00:00:00 | Update: 02 May 2023 23:10:12
Connectivity can increase Bangladesh’s export to India by 300%: Verma
Unnayan Shamannay Chairperson Dr Atiur Rahman hands over a crest to Indian High Commissioner in Dhaka Pranay Verma on Tuesday– Courtesy Photo

Indian high commissioner in Dhaka Pranay Verma on Tuesday said improved and uninterrupted connectivity could increase export of Bangladeshi products to India by 300 per cent.

“Studies indicate that seamless connectivity between India and Bangladesh has the potential to increase national income by 17 per cent in Bangladesh and 8 per cent in India,” he said.

The Indian envoy was speaking at a seminar titled “Multimodal Connectivity between India and Bangladesh” organised by Unnayan Shamannay at Bishwa Sahittya Kendra in the capital.

Pranay Verma said India would like to get greater access to and from Bangladesh’s ports, inland waterways and road links to optimize the connectivity between the two neighbour countries.

He said New Delhi has already offered Bangladesh number of options to use Indian ports, railways and airports to export goods to India and to the rest of the world.”

“Just as we look to improve our connectivity of our north-eastern states through Bangladesh, we are also encouraging transit facilities for Bangladesh to export its product to third countries through specified land custom stations, airports and seaports in India,” he added.

Unnayan Shamannay Chairperson Dr Atiur Rahman presented the keynote paper at the seminar.

Referring to World Bank research, Rahman, also former governor of Bangladesh bank, said that India’s trade with South Asian countries could more than triple from the present $19.1 billion per year to $62.4 billion per year, and Bangladesh’s trade with South Asian countries could more than double from the present $7.6 billion to $18.9 billion.

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