As part of its effort to further boost trade ties with Bangladesh, India is looking at restriction imposed on foreign direct investment from Bangladesh and may relax norms for investors.
Jairam Ramesh, Minister of State for Commerce, said at a function recently, "We have been reviewing these limitations with a view to enabling FDI from Bangladesh into India on a case-to-case basis, subject to security clearance." He added that Bangladeshi businessmen may soon receive some good news on this front.
Talking about the glaring trade imbalance between the two countries which tilts in favour of India, Ramesh said, "Investments made by Indian companies in Bangladesh will help India to import more from Bangladesh."
India has, for long, repeated its request to allow transit routes to North-East which would provide Bangladesh with multiple trading opportunities and would help in further reducing the trade deficit.
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