Indian pvt sector to invest $9b in BD

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UNB, New Delhi :
The Indian private sector, during Prime Minister Sheikh Hasina’s visit here, has signed a number of agreements that will result in investment of over $ 9 billion in Bangladesh.
Both sides expressed satisfaction over the growth of trade and investment in the recent years.
The two prime ministers, Sheikh Hasina and Narendra Modi, directed their respective officials to set up Special Economic Zones (SEZs) for Indian companies quickly at the identified locations, according to the joint statement issued after bilateral talks between the two leaders.
One of the locations is a 1005-acre site at Mirsarai, for which Prime Minister Modi particularly appreciated Prime Minister Hasina’s generosity and encouragement to Indian SEZs.
The leaders are optimistic that such gestures surrounding these SEZs will encourage Indian businessmen to bring in more investment to Bangladesh. In line with their common resolve to upgrade the infrastructure of the Land Customs Stations (LCSs)/Land Ports/Integrated Check Posts (ICPs) in a coordinated manner to further facilitate the flow of goods and people across the borders, both leaders welcomed the inauguration of the Petrapole ICP, Phulbari-Banglabandha Immigration Check-post and Srimantapur LCS.
Hasina appreciated India’s initiative to develop 7 more ICPs on the India-Bangladesh border in phases.
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