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Indian business conclave in Dhaka Thursday
Indian High Commission in Dhaka is organising a business conclave on Thursday that will coincide with Prime Minister Narendra Modi’s ‘Make in India’ campaign launch in New Delhi.
Published : 23 Sept 2014, 03:11 PM
Updated : 23 Sept 2014, 06:55 PM
Modi, who came to power in May with a lot of hype to rebound India’a flagging economic growth, would launch the campaign bringing some 500 top global CEOs in his effort to make India “an investment hub”.
The move is a throwback to his constituency’s “Vibrant Gujarat” summits when he was chief minister.
During those summits, top industrialists share stage with him, make short speeches and then sign pacts for projects.
Modi announced the ‘Make in India’ initiative in his maiden Independence Day speech on Aug 15 at Red Fort when he urged all to invest in India.
“I tell the world, ‘Make in India’. Sell anywhere but manufacture here. We have the skill and talent for it,” he had said.
On Thursday he will seek to reach out to global investors, asking them to come and manufacture goods in India.
He will also launch a ‘Make in India’ portal offering a platform to address queries from potential investors. Ideas for investment will also be invited.
The Indian High Commission in Dhaka will host the event at its Indira Gandhi Cultural Centre in Gulshan.
Interested participants have been asked to register by sending email to attcom1@hcidhaka.gov.in.
The,India-Bangladesh Chamber of Commerce and Industry (IBCCI) is their co-host.
Chief Executive Officer of the bilateral chamber Jahangir Bin Alam told bdnews24.com that the Dhaka event would give them an opportunity to interact with each other.
High Commissioner Pankaj Saran will also interact with them.
The event will start at 10:30am and end by 1:00pm including live telecast of Modi’s launch in New Delhi.
The Bangladesh Bank does not allow local businesses to invest abroad.
Bangladesh is an investment-starved country.
It has decided to give special economic zones for Japan, India and China to lure in their investors.
Jahangir Alam, however, said many of their businessmen were ready to invest abroad, particularly India, if allowed.
Bangladeshi food-processing company Pran is the only firm that has investment in India.
Alam said they managed funds from their other export destinations for those investments in India.
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