Indian trade show to begin from tomorrow in Dhaka
Dhaka: More than sixty leading Indian firms are set to display their products and services in first ever two-day "Indian trade show" from tomorrow here.
"The first-ever India Show in Dhaka is an exhibition which aims to take the India-Bangladesh business relationship to the next level to forge substantive mutually rewarding partnerships," the Indian High Commission in Dhaka said in a statement here on Sunday.
It said the event would "explore opportunities, build synergies and examine joint investment proposals by business houses on both sides".
Indian government offered assistance for the event being organised by the Federation of Indian Chambers of Commerce and Industry (FICCI) with their Bangladesh counterpart FBCCI and India-Bangladesh Chamber of Commerce and Industry (IBCCI) being partners in the event.
FICCI officials said the Indian companies which are to take part in the show represents textile and handicrafts, automobile and spare parts, readymade garments, consumer products, jewellery, healthcare, education, information technology, agro-business and food processing, renewable energy and light engineering sectors of India.
Over 100 makeshift stalls and pavilions were erected to showcase the products and services at the Bangabandhu International Conference Centre (BICC) complex.
Organisers said seminars on investment opportunities and B2B sessions were to be staged on the sidelines of the exhibition to find out ways for enhanced bilateral business cooperation and increased investments.
They said special feature of the India Show is the exhibition of Indian Gems & Jewellery organised by the Gems & Jewellery Export Promotion Council (GJEPC).
The trade show came as Indian government and businesses asked Bangladesh to explore opportunities for joint venture projects.
"We (India) offered you the duty free access to your all products two years ago but compared to what we thought export (from Bangladesh) did not increase that much," Deputy High Commissioner of India here Sandeep Chakravarty told a curtain raiser ceremony of a planned "India Show" earlier this week.
According to commerce ministry statistics, the bilateral trade gap of Bangladesh with India was USD 4.08 billion in 2010-11 fiscal year with Indian exports amounting for USD 4.5 billion.
Financial analysts say Bangladesh's export to India is also gradually improving and reached half a billion dollars in 2010-11 from USD 358 million in 2007-08 and USD 289 million in 2006-07.
The trade deficit between India and Bangladesh more than doubled in just five years, reflecting a galloping economic imbalance between the two close neighbours.