Dhaka woos India firms, plans SEZs | business | Hindustan Times
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Dhaka woos India firms, plans SEZs

Bangladesh Prime Minister Sheikh Hasina said that her government would offer the required infrastructure facilities and tax breaks to Indian investors.

business Updated: Jul 24, 2009 20:40 IST
Mahua Venkatesh

Bangladesh is keen to roll out the rep carpet to India Inc. It is ready to set up special economic zones (SEZs) for Indian investors. Bangladesh Prime Minister Sheikh Hasina said that her government would offer the required infrastructure facilities and tax breaks to Indian investors.

“We will provide all support to Indian businessmen who are keen to invest in our country. Political will from our side is there but we also want to take care of our people,” Hasina said, while addressing a 50-member delegation led by industry body Ficci to Bangladesh.

The prime minister added that Bangladesh would upgrade the testing facilities to match the Indian standards. The Bangladesh Standards and Testing Institution (BSTI), which are currently facilitating testing methods for services and products, preparation, promotion and adoption of national standards, will be upgraded. At present, the Indian government does not recognise the Bangladesh testing facilities.

Bangladesh is also in favour of linking the two countries through rail links to boost bilateral trade. Hasina has already held talks on cross border rail services with Railway Minister Mamata Banerjee.

“There are problems and barriers but these need to be eased for cementing ties between the two countries,” Hasina said.