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Indian Companies to Lay Hand in Land of Tigers

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India played a vital role in creation of Bangladesh during the 1971 Indo-Pak War. Bangladesh has always supported India during various occasions. According to the website www.propertykhazana.com, Bangladesh PM is interested to have the investment from neighboring India to boost their economy. The investment will boost power, telecom and other sectors. Bangladesh is eyeing India to know about the growth patterns. India’s business groups like FICCI and ASSOCHAM—would host a lunch party for the Bangladesh Head of State. The PM of Bangladesh is accomplished by the business delegation of approx 50, is coming to visit for a day. Trade is the point of conversation between two nations; the nations are looking at various opportunities to set up the foreign direct investment (FDI) in establishing new plans though mergers.
Indian Mobile Giant known as Bharti Group which owns Airtel---is holding highest levels of discussions to purchase 70% of the shares with Warid, a Bangladeshi telecom firm. As per the records with www.propertykhazana.com, National Thermal Power Corporation (NTPC) is keen to set up plant in Bangladesh and it has also explored a great possibility for the business magnets to venture into Bangladesh. FICCI also stated that foreign investment in Bangladesh could increase to USD 1.5 billion in the year 2012 from the present USD 440 million, approx.
The major sectors include textiles, Pharmaceuticals, chemicals and engineering. Furthermore, trade between India and Bangladesh was standing at a towering USD 2 billion in the year 2008-2009. For more interesting information on this deal please visit the website www.propertykhazana.com.
Source: NBTVLIVE

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