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Hasina welcomes Indian investment in Bangladesh

Bangladesh Prime Minister Sheikh Hasina has welcomed Indian entrepreneurs to invest in Special Economic Zones (SEZ) to double bilateral trade to about USD 6 billion in next two years.

world Updated: Jul 23, 2009 16:15 IST

Bangladesh Prime Minister Sheikh Hasina has welcomed Indian entrepreneurs to invest in Special Economic Zones (SEZ) to double bilateral trade to about USD 6 billion in next two years.

"There are some areas and already we have decided to put up special economic zones. Well if you want to invest ... Bangladesh would offer very good incentives," Hasina told a 50-member business delegation led by FICCI, the largest business delegation ever to Bangladesh.

"We are going beyond EPZs (Export Processing Zones)," Hasina said, adding that the SEZs will offer infrastructure facilities and benefits like tax holidays and it would be good if agro-based industries like food processing are set up.

"We can work together for economic development ... For developming business, trade and investment. I think we have enough resources," she said.

Terming "poverty" the biggest enemy of both the countries, she said, "We must see who our real enemy is -- it is poverty", and called upon business leaders from both the countries to come out with a strategy to remove trade barriers and impediments to bridge the trade deficit gap.