Bangladesh business leaders upbeat about Indian market | business | Hindustan Times
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Bangladesh business leaders upbeat about Indian market

Bangladeshi business leaders are upbeat about the Indian market for Bangladeshi products particularly of apparels, as Prime Minister Sheikh Hasina's maiden New Delhi tour last week has paved ways for enhanced economic ties.

business Updated: Jan 21, 2010 16:24 IST

Bangladeshi business leaders are upbeat about the Indian market for Bangladeshi products particularly of apparels, as Prime Minister Sheikh Hasina's maiden New Delhi tour last week has paved ways for enhanced economic ties.

Speaking at a press conference late on thursday some 50 business leaders who accompanied the premier in New Delhi said the Indian business community is giving a strong signal that it wants to engage in trade ties with its counterpart in Bangladesh.

"Earlier we received a strong resistance from the Indian apparel manufacturers, but this time they have shown keen interest in our business," Bangladesh Knitwear Manufacturers and Exporters Association (BKMEA) President Fazlul Hoque said.

The Indian apparel manufacturers also recommended hike in duty-free quota of Bangladeshi readymade garments to 14 million pieces from 8 million pieces, giving a strong signal that they wanted enhanced trade engagement with Bangladesh, Hoque added.

"This time, we did not see any negative attitude from India, as we did in the past," Bangladesh Garments Manufacturers and Exporters Association (BGMEA) President Abdus Salam Murshedy said.