POST TIME: 8 November, 2019 00:00 00 AM
PM seeks Meghalaya investment in Bangladesh
UNB, Dhaka

PM seeks Meghalaya investment in Bangladesh

Prime Minister Sheikh Hasina yesterday said entrepreneurs from the Indian state of Meghalaya can invest in Bangladesh for mutual benefits. "Meghalaya entrepreneurs can invest in Bangladesh, particularly in Sunamganj, as a special economic zone is being established there," she said when Meghalaya Chief Minister Conrad Sangma met her at her official residence Ganabhaban in the capital.

PM's Press Secretary Ihsanul Karim briefed reporters after the meeting. The Prime Minister said the special economic zone is being set up on 2,000 acres of land in Sunamganj.

Putting emphasis on further strengthening the connectivity between Bangladesh and India, she said Bangladesh can use the waterway to import boulders from Meghalaya as the use of river route is cost-effective. Sheikh Hasina said the navigability of rivers will have to be increased through dredging so that those can contain more water for smooth movement of vessels. She said the rail and road routes between the two countries which were closed down after the 1965 India-Pakistan war are being reopened. "It'll boost trade and commerce alongside strengthening the connectivity between the two neighbours," she said.

Conrad Sangma said Meghalaya can be a great partner of Bangladesh in development as the Indian northeastern state has enough raw materials, including limestone, clinkers, coal and boulders.