ASSOCHAM in the News · ASSOCHAM in the News Focus News (Page 10) 05th October 2019 India and...

ASSOCHAM in the News

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The Pioneer (Page 1)05th October 2019

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Mail Today (Page 6)05th October 2019

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Millennium Post (Page 7)05th October 2019

onion in food: B'desh PM totd her cookNEW DELHI: India's onionexport ban seents to haveinrpaeted kirchen of Banqla-deslt Prirrre Irlinister She-i-khHasina. as she has urged inIighter vein to provide prrorinfbrmation about suchcieci.srons.

'Ihe Bangladeshi primetninister said that India's sud-den decision to stop onionexports has lead to a bit ofdif-ficulty for her countt.)men.

"[ don't know why you

stopped onion (exports). Sowhat 1 did was, I told nry cookto not to use onion in foodPrior notice of such decisronswould he1p. Suddenly, youstopped and it became a diIfi-culty for us. In fr.rture, ifyou aretaking such a decision, priorinfbrmation would help," shesaid in a lighter vein.

She was addressing lndia-Bangladesh Business Forurnhere, which was organised byindustry chambers, includ-

irre Cll irrrd Assocharn. Corn-merce and ilrtiustry Minister.Piy.lrsh Goyal rvas also pres-ent at the event. Last Sunday,India banned exports ofonionto increase availability ofthecommodity in the donresticmarket and contaln spirailingprrces. Tlre Cculre has aisoirnposed stock limits on bothretail and wholsesale tradersfor onion.

Further taiking to enhanc-ing trade and investments

betrveen tlie tr,r,o countries,she saicl huge potential existsin Llarrgladesh for Intlirn busi-ness conmunity in dillbrentsectors. She said llar.rgladeshhas the rnost liberal invest-ment policy in South Asia, andit includes protection of for-eign investment bylalv; gener-ous tax holiday; concessionarycluty on irrrport of tlachir-rery;unrestricted exit policy; fullrepatriation of dindend andcapital on exit, to name a few.

post expoft hanDon't use


Focus News (Page 10)05th October 2019

India and Bangladesh collaborators in makingboth countries prosperous : Piyush Go

New Delhi, Indiaare not competilors but collabora-iors in nrakins hoih countries pros-perous and ensuring a better futurefor their people said the UnionMinister of Commerce & Industryand Raiir.r,ar.s, l']i1,ush Go,va1 at theIndia - Baneiadesh BusinessFomm held in Ner.v Delhi toda1,.The Prime \{inister of Bangiadesh,Sheiklr Hrsin.. rr is rlso present inthe Indra - Rangiadesh BusinessForum mecting. Piyush Goyalr-rrged Indian industry to be part ofBangladesh's grorvth story withgrerter rnr cstnlcr)l rn infrastruc-ture. technologv and energy whereBangladesh has huge potential.This will help to create more bal-anced trade betrvsen the two coun-tries added Piyush Goyal.Comrnerce & lndustry and Rail-u,a1's l\linrster assured the visitingPrifi e Mini,srer that India stands com-n-ritted to e\,ery request thatBangladesh has iu raihvays sector be-causc the connectivifi, thatthe expan-sion in railu'avs will bring to bothcountries lill boost trade and alsogir'e uieatel and srnoother access tothe North East region of India.Bansladcsir Prime Minister thankedthe Gor emmc-nt of India and the threeClhambe r s ol Clommerce and Industryfor ei\.'in!: this opportunity to theBangladesh Gor enrment and Industryto interacr u ith lndian business heads.Bangladcsh Prime Minister informedthal three Spccial Economic Zoneshave bcen set r.rp in Bangladesh forIndian in.,estors and hoped that thisr.r,ili bloaden the export base ofllarrgl.ll,r[ ( tn this occasion twoCior,ernrnent to Business (G2B)MolJs ucre si-ened between Start upBangladc-sh and Tech Mahindra andBanqladrsh Economic Zones Author-

it1, and .{danr Ports and SEZs. lateral institutional mcchanrsms in-Bangladesh is India's birgcst trade cluding Commerce Secretarl Levelpafiner ir South Asia. Bilateral trade Meeting, Shipping Secret.u-r Ler.clbetneen India and ilaneladesh has Talks, Joint Working Ciroups ongrowr-r steadilv orcr the last decade. Trade. Customs and Fishcries andIndia's exporls to flaneladesh tbr the Sub-groups on Banking and LCS,,lCpfinanciril 1,ear 20 i.\- 19 (Apri1-March) Infrastructure meet regularll,. Fourstood at USD 9.2 I biliion and impofis Border 'Haats, trvo each in Tripurafiom Bangladesh lbr the san-re period (Srinagar and Kamalasagar) andstood at USD 1.ll billion. Meghalaya (Kalaichar and Balat).L'rdia and Bansladesh ha'e trade have been establisheci lor the benelitagreement q'hicir is facilitative in na- of communities living alor-rg the bor-ture. lndia and Bangladesh are mem- der areas of both countries. Icn addi-bers ol various r-csional trade tional Border Haals on theagreements includirg the r\sia Pacitic India-Bangladesh border are underTrade Aqreenrent (;\PTA). SAARC implementation.Pret-ercntial I'rade Agreement Cumulative Foreign t)ireol lnr,est-(SAPTA) and the .Agreement on ment from India to Bangladesh hasSouth Asian lrrcr- Trade Area more than doubled tr-orn USD 2-li.9l(SAFTA) u'hr.ch."gor.cm the rariff million in2014 to USD 570.il mil-regimes tbr rrlrie. Under SAFTA, lion in December 201g. Indian corn-lndiahasgranted dutr 1i-eequotafi'ee, panies have invested in r,ariousaccess to Bangladesh on ali items ex- sectors including telecommunica-cept alcoirol arci tohacco. Various bi- tions, pharmaceuticals. FMCC and

automobiles sectors in Bangladesh.During Bangladesh Prirne Minister.Sheikh Hasina's visit in April 2017.i 3 agreements worth around USD l0billion of Indian inveshnent mainJl, in

fo\\ er and energy sectors in13 angiadesh were signed. Bangl adeshrs the biggest developmeni pafiner 01:

India today. India has extended lLines of Credits (LOCIs ) t0Bangladesh in the last B

,u- ears

amounting to USD 8 billion. In acldi-tion to LOCs, the Govemmenl ofIndia has also been pror.iding grantrssistance to Bangladesh for r ari.rrr.,infrastructure projects such as theAgaftala- Akhaura rail link, dredgingof inland waterways, lrrdiaBangladesh Friendship Pipeline. andIligh Impact Community Develop-ment Projects (HICDPs) in the areasol'education. health. urter, culrule .

urban development, disaster manaee-ment and communitv welf'are.

G2b Molls signed and BanBangladesh

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Dainik Jagran - National Edition (Page 3)05th October 2019

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