Bangladesh to send buyer delegation to Greater Noida for Indusfood-II

Bangladesh will send a strong buyer delegation to India for Indusfood-II , which will take place in Greater Noida in January 2019 and be organised jointly with the Department of Commerce, Ministry of Commerce and Industry, Government of India.

This was announced by Jahangir Bin Alam, secretary and chief executive officer, India-Bangladesh Chamber of Commerce & Industry (IBCCI), Dhaka. He visited the Trade Promotion Council of India (TPCI) office in New Delhi for talks recently. The bilateral trade between the two countries is worth about $9 billion, out of which Bangladesh exports goods worth $900 million.

Bin Alam said that trade growth depended on the developmental progress of Bangladesh. He added that Bangladesh was growing, and hence, trade was increasing with India and the rest of the world. India, being an immediate neighbour 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 and beverages (F&B) exports from India to Bangladesh. Presently, the latter’s total import of F&B from the world is $5016.4 million, out of which India is fifth in ranking with exports worth $332.4 million. 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 a great scope for the 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.

Improved connectivity between the two countries will help a lot in developing trade further. Till only some time ago, 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 the Indian mainland to connect better with its own north-eastern states.

Indusfood-II is being billed as the world food supermarket – a one-stop event to source all requirements related to food and beverages from India. 
Source: http://www.fnbnews.com

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