Bangladesh company to invest 10 billion dollars in Tripura

Agartala, Aug 3 (ANI): Pran, an agro-based company of Bangladesh, plans to invest around 10 million dollars in Tripura.

Ahsan Khan Chowdhury, Deputy Managing Director of Pran has said that the company would like to invest within three years in the state.

"The future magnitude of the business that Pran would like to create here, I would say that Pran should invest close to I want to say 10 million dollars over a period of three years. It will not happen overnight as it will take time to understand, familiar with market and people. That is the magnitude," said Chowdhury.

Chowdhury believes that the northeast has great potential as an agro-based industry market.

He further said that Tripura would not only provide consumers but also supply raw material to Pran.

"I feel that the market is ready and the northeast is the market, and I feel that there is enough opportunity here. It's not only to sell in northeast but it is also to buy from northeast," said Chowdhury.

He said that India's decision to allow investment from Bangladesh would lead towards stable and secure trade relations between the two nations.

He also said that Pran would like to set up more business ventures in India, as it is a large country with a fast-growing economy.

Pran started business in 1980 and has become the largest exporter of processed agro-products from Bangladesh, and export products to 70 countries including India, Europe, Africa and Middle East. (ANI)