Modi In Bangladesh: Look for opportunities beyond cotton, say industry bodies
The Dollar Business Bureau The Prime Minister, Narendra Modi (Left) being welcomed by the Prime Minister of Bangladesh, Ms. Sheikh Hasina on his arrival, in Hazrat Shahjalal Airport, Dhaka on June 06, 2015. Source: PIB, Government of India As Prime Minister Narendra Modi has arrived in Dhaka, Industry bodies here pitch for strong economic ties beyond the thread of cotton and textile industry which should benefit both – India and Bangladesh. The President of CII, Sumit Mazumdar believes that PM Modi’s visit would mark an exciting new phase in India-Bangladesh economic and commercial relations. Moreover, he stressed Bangladesh’s aim to become a middle-income country by 2021 and said, “India should emerge as a strong partner in realizing this goal.” While ASSOCHAM ...
Dharmendra Pradhan restarts Asian Premium debate
The Dollar Business Bureau With Union Minister of State for Petroleum and Natural Gas Dharmendra Pradhan claiming that Asian counties like India should receive an Asian Dividend, instead of paying an Asian Premium, while making bulk purchase of crude oil, the question on whether there is indeed an ‘Asian Premium’ when it comes to crude oil is back in focus. “I will not hesitate to say that Asian Premium was historically never justified and more so not justifiable in the changed market scenario where Asian countries are the major buyers. Any measure that erodes the advantage of geography for Asian countries and promotes a policy of subsidising oil traffic to distant destinations is not, and cannot be, in the interests of ...
India-Bangladesh break barriers for trade across borders
The Dollar Business Bureau Smt. Nirmala Sitharaman, MoS for Commerce & Industry (IC), along with CM of Tripura, Shri Manik Sarkar and Mr. Tofail Ahmed, Commerce Minister of Bangladesh, at the inauguration of the Border Haat, in Srinagar, Tripura on January 13, 2015. The border haat was the third on the India-Bangladesh border. DGFT on June 4, 2015, notified the opening of the fourth border haat on the Indo-Bangladesh border at Kamalasagar (Tripura), which will be jointly inaugurated by India's PM Narendra Modi and Bangladesh's Premier Sheikh Hasina, expectedly on June 6, 2015, through video conferencing from Dhaka. Come June 6 and Tripura’s Kamalasagar would be bustling with trade activities, thanks to the new ‘border haat’ (border market) that will be ...
