Verma lauds IBCCI role in boosting India-Bangladesh economic ties

High Commissioner Pranay Verma welcomed a delegation of newly appointed directors of the India-Bangladesh Chamber of Commerce and Industry (IBCCI) over an interactive session on 16 April.

IBCCI is a platform comprising over 500 companies that promotes bilateral trade, investment, and business collaboration between India and Bangladesh.

Verma appreciated the role played by IBCCI in strengthening the economic partnership between India and Bangladesh.

He emphasised the need to leverage the geographical proximity between the two countries into tangible economic opportunities, according to the Indian High Commission in Dhaka.

He urged IBCCI to develop a future-oriented economic engagement, transforming trade linkages into broader economic partnerships, investments, and value chain integration.

The high commissioner highlighted that, as the two largest economies of the region and close neighbours with a focus on building connectivity, India and Bangladesh are uniquely positioned to lead the regional economic integration and build resilient and future-ready supply chains.

He also exchanged views with the IBCCI delegation about recent developments in bilateral economic engagement, including the newly instituted mechanisms for trade settlement in Indian Rupees, as well as ongoing infrastructure upgrades at key land customs stations to facilitate more efficient cross-border trade.

The meeting reaffirmed the shared commitment to unlock new avenues of cooperation and elevate the India-Bangladesh economic partnership to the next level.