Kolkata, Jan 30 (PTI) The Chittagong Chamber of Commerce and Industry (CCCI) Wednesday said the huge trade deficit between Bangladesh and India needed to be bridged for which more Indian investments are required by the neighbouring country.Also Read - I Have Seen People Compare Me to Bradman- Bangladesh Batter Mushfiqur Rahim Makes BOLD Statement
Presently, Indian imports from Bangladesh is around USD 7 million, while exports to that country is USD 8 billion. Also Read - BAN vs SL, 1st Test, Preview: Test Cricket Returns With Bangladesh Set To Take On Sri Lanka
Chittagong port provides a vital gateway to the seven north-eastern states of India and more border trade was needed between the two nations, CCCI president Mahbubul Alam said. Also Read - India Among 30 Odd Countries Where Marital Rape Not Criminalised Yet | Check List Here
Addressing a session at the Bengal Chamber of Commerce and Industry here, Alam said India had been given land for an exclusive economic zone (EEZ) in Mirsarai near Chittagong where Indian investors could avail the opportunity of a 10-year tax holiday and repatriation of profits back for a similar period.
Similar zones were being set up by investors from China, Korea and Japan, he said. PTI dc
This is published unedited from the PTI feed.