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16 February, 2017 11:37:44 PM
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Tofail wants India to remove trade barriers

Indo-Bangla Trade Fair 2017 inaugurated
Staff Correspondent
Tofail wants India to remove trade barriers
Commerce Minister Tofail Ahmed, Indian high Commissioner to Bangladesh, Harsh Vardhan Shringla, President of Federation of Chamber of Commerce and Industry (FBCCI) were present at the inauguration programme of Indo-Bangla Trade fair at a hotel in the capital yesterday. focus bangla photo

Commerce minister Tofail Ahmed has urged India to remove all tariff and non-tariff trade barriers to enable Bangladesh increase exports to the neighbouring country.
He said this while speaking as the chief guest at the inaugural ceremony of the fourth edition of the Indo-Bangla Trade Fair 2017 at a hotel in Dhaka yesterday.  
Ahmed also said, “The bilateral relations between Bangladesh and India are very good and India should remove all trade barriers on the basis of this reality.”
The India-Bangladesh Chamber of Commerce and Industry (IBCCI) organised the event, which is being supported by the Indian high commission in Bangladesh.
To strengthen business relations between the two countries, more than 30 Bangladeshi and Indian companies are taking part in the fair, which has six pavilions and 30 stalls.
Manufacturers of automobiles, processed food, home appliances, consumer goods, power, paints, cement, and lubricants are exhibiting their products, while banking and insurance sector organisations are publicising their services, IBCCI officials said.
The Indian high commissioner to Bangladesh, Harsh Vardhan Shringla, opened the inaugural session, saying companies from India and Bangladesh were exploring new opportunities to invest and set up joint ventures in each other’s countries.
He also said that Indian investments registered with the Bangladesh Investment Development Authority are more than USD 3 billion.
Indian companies such as Marico, CEAT, Tata Motors, Godrej, Sun Pharma, Asian Paints, etc., had made substantial investments in the country. Several of these companies were also participating in this fair, he said.
Meghna Group of Industries is showcasing their product Fresh Cement at the fair. Senior Executive of Fresh Cement, Naim Rahman, told The Independent that the company’s product was being used to build three bridges on the Meghna, Kachpur, and Gomti rivers.
He also said, “We have come to this trade fair to promote our cement product, which had touched an export mark of Tk. 3.5 crore last year.”
The Senior Brand Executive of the Fresh Group told The Independent they had received 14 awards last year and that, according to Infant Mortality Rate (IMR) report, one out of every two persons in Bangladesh uses Fresh household products.

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Editor : M. Shamsur Rahman

Published by the Editor on behalf of Independent Publications Limited at Media Printers, 446/H, Tejgaon I/A, Dhaka-1215.
Editorial, News & Commercial Offices : Beximco Media Complex, 149-150 Tejgaon I/A, Dhaka-1208, Bangladesh. GPO Box No. 934, Dhaka-1000.

Editor : M. Shamsur Rahman
Published by the Editor on behalf of Independent Publications Limited at Media Printers, 446/H, Tejgaon I/A, Dhaka-1215.
Editorial, News & Commercial Offices : Beximco Media Complex, 149-150 Tejgaon I/A, Dhaka-1208, Bangladesh. GPO Box No. 934, Dhaka-1000.

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