Indian High Commissioner to Bangladesh Pranay Verma appreciated the role played by India Bangladesh Chamber of Commerce and Industry (IBCCI) in strengthening economic partnership between India and Bangladesh.
He came up with the remark during a session with a delegation of newly appointed IBCCI directors last week, according to a statement.
Prior to the session, Verma welcomed IBCCI, which is a platform comprising over 500 companies, promoting bilateral trade, investment and business collaboration between India and Bangladesh.
He emphasised the need to leverage the geographical proximity between the two countries into tangible economic opportunities, and urged IBCCI to develop a future-oriented economic engagement transforming trade linkages into broader economic partnerships, investments and value chain integration.
The High Commissioner also highlighted that as the two largest economies of the region and close neighbours with focus on building connectivity, India and Bangladesh are uniquely positioned to lead the regional economic integration, and build resilient and future-ready supply chains.
He also exchanged views with the IBCCI delegation about recent developments in bilateral economic engagement, including the newly instituted mechanisms for trade settlement in Indian Rupees, as well as ongoing infrastructure upgrades at key Land Customs Stations to facilitate more efficient cross-border trade.
The meeting reaffirmed the shared commitment to unlock new avenues of cooperation and elevate the India-Bangladesh economic partnership to the next level.
