Indian investors have recently expressed their interest to invest about Tk 800 crore in different sectors in Bangladesh, said stakeholders at a press conference held at the seminar room of the Bangladesh Investment Development Authority in the capital Dhaka on Sunday.

The BIDA arranged the briefing on the recently concluded trade and investment seminar between India and Bangladesh held at Jaipur in Rajasthan of India on August 23.

The seminar was titled ‘Conference and B2B on Opportunity in Trade and Investment between India and Bangladesh’.

The Confederation of Indian Industry and India-Bangladesh Chamber of Commerce and Industry jointly arranged the seminar.

At the seminar, Indian businesses signed six expressions of interest amounting to Tk 450 crore with Bangladeshi businesses while they also expressed their interest to invest in jewellery, LNG, LPG and other sectors.

Among the six EOI, India Vijay Enterprises and TVS Motor Company Limited signed two separate EOI with Nitol Motors Limited on import of A4 paper and TVS 3 Wheelers amounting to Tk 50 crore and Tk 300 crore respectively.

Rose Agro (Pvt) Ltd signed an EOI with Indian stakeholder on 200 MT mustard oil amounting to Tk 100 crore while Indian A One Stones, Shree Krishna Paper Mills and Ultra Vibrant Solar Energy Pvt Ltd are looking for joint venture partners from Bangladesh to invest in marble and granite cutting, paper and electronic manufacturing sectors.

BIDA executive chairman Md Sirazul Islam disclosed the information at the press conference.

He said, ‘Collaboration between the countries has gradually been improving that has created an atmosphere of attracting the Indian investors.’

‘The government offers a special tariff facility for the Indian investors on investing in our economic zones,’ he said.

‘Indian investors are also interested to invest in our jute industry,’ he said. IBCCI president Abul Matlub Ahmed, also the chairman of Nitol Motors Limited, was also present in the press conference.

He said, ‘Indian investors are interested to invest in automobile, jewellery, tourism and other sectors in our country.’