sending a strong buyer delegation to India during the upcoming Indus Food-II to
be held in January, 2019, in Greater Noida, organized jointly with Department
of Commerce, Ministry of Commerce and Industry.
This was announced
by Mr.Jahangir Bin Alam, Secretary and CEO of Dhaka-based India-Bangladesh
Chamber of Commerce & Industry (IBCCI), who visited Trade Promotion Council
of India (TPCI) office in Delhi on October tenth for talks. The bilateral trade
between the two countries touches 9 billion US Dollars out of which Bangladesh
exports goods worth 900 million US Dollars.
CEO, IBCCI said
that trade growth depends on the developmental progress of Bangladesh. He
further said that Bangladesh is growing and hence trade is increasing with
India and the rest of the world. India being an immediate neighbor with whom
Bangladesh not only shares a long border but also culture, traditions and
language will be looking towards India to import the items it needs.
There is immense
scope for increasing Food & Beverages
exports from India to
Bangladesh. Presently, Bangladesh’s total import of F&B from the world is
$5016.4 million, out of which India is 5th in ranking with exports
worth 332.4 million US Dollars. Bangladesh currently sources 17.2 per cent of
its F&B requirements from Brazil, followed by Indonesia (12.1 per cent),
Canada (9.7 per cent), Argentina (9.1 per cent) and India (6.6 per cent).
Fresh fruits going
from India to Bangladesh are: mangoes, grapes, pomegranates and apples.
Among other F&B products, there is still great scope for added export of
dried, shelled chickpeas, fresh or chilled onions and shallots, food
preparations, cumin seeds, fresh grapes, semi-milled or wholly milled rice,
black fermented tea and partly fermented tea, turmeric and cane sugar.
connectivity between the two countries will help a lot in developing trade
further. Till only a sometime back, maximum trade between India and Bangladesh
was routed through ports in Singapore. The traditional river waterways that
connected various cities in Bangladesh to India were operational till 1965. The
recent thrust to rebuild those waterways and develop new routes to ease
connectivity will not only be in the interest of bilateral trade between India
and Bangladesh, but will also help Indian mainland to connect better with its
own North Eastern States.
Indus food is being
billed as the World Food Supermarket – a one-stop event to source all
requirements related to food and beverage from India.