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India wants to advance CEPA with Bangladesh: Minister Goyal

08 Mar '22
1 min read
Pic: Shutterstock
Pic: Shutterstock

India wants to advance the Comprehensive Economic Partnership Agreement (CEPA) with Bangladesh, according to minister of commerce and industry Piyush Goyal, who recently told an industry body session that uninterrupted supply chain; joint production of defence equipment, exploring potential areas of investment like textiles, jute products and leather and footwear; and joint manufacturing of vaccines and medicines should be focus areas between the two countries.

Goyal also holds the portfolios of consumer affairs, food and public distribution and textiles.

Addressing the inaugural session of the ‘India-Bangladesh Stakeholder’s Meet’ organised by the Indian Chamber of Commerce, Goyal said improving connectivity further is imperative for expansion of bilateral trade and realisation of the investment potential of Bangladesh and eastern India.

The potential areas of investment include active pharmaceutical ingredients, medical equipment, digital health and education services, agribusiness, electronics and renewable energy.

Bangladesh is India’s biggest trade partner in South Asia.

India is also developing two economic zones at Mirsarai and Mongla in Bangladesh. The Textile Industry Forum between the two countries is also yielding results, he added.

ALCHEMPro News Desk (DS)

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