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Withdraw ban on Bangla FDI in India: IBCCI
Agartala,
Nov
14:
The
India-Bangladesh
Chamber
of
Commerce
and
Industry
(IBCCI)
has
renewed
its
demand
for
removal
of
the
existing
ban
on
Bangladesh
FDI
in
India
as
Indian
companies,
including
Tata
and
Ispat,
were
making
serious
efforts
to
invest
in
Bangladesh.
IBCCI officials said here today that there was a huge deficit in India's account in export business due to unfair non-tariff barriers to its exports to India.
IBCCI records claimed that during April 2007-February 2008, India's exports to Bangladesh amounted to USD 1.5 billion while imports from Bangladesh were recorded at USD 205 million.
Uninon Minister of State for Commerce Jairam Ramesh had taken special interest last year in developing projects to upgrade infrastructure at land custom stations in West Bengal, Assam, Tripura and Meghalaya, through which about two-thirds of the bilateral trade between the two neighbouring countries takes place, but nothing had come out satisfactorily yet, they added.
UNI
