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 - Rail Services Between West Bengal, Bangladesh Resume: How Will it Boost Trade, Connectivity?

Presently, Indian imports from Bangladesh is around USD 7 million, while exports to that country is USD 8 billion. Also Read - India-Bangladesh Virtual Summit: PM Modi & Sheikh Hasina Restore Trans-border Chilahati-Haldibari Rail Link | All You Need to Know

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 - 49th Vijay Diwas: Twitter Remembers India’s Historic Victory in 1971 War, Salutes Sacrifices of Martyrs

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.