Indo-B’desh trade has leapfrogged from $7 billion to nearly $18 billion in 5 yrs: Verma

Dhaka: Indian High Commissioner to Dhaka Pranay Verma visited the petrapole-Benapole Integrated Check Post (ICP) at the India Bangladesh border on Thursday.

During the visit he met with senior officials from both sides and discussed various issues related to border management, trade facilitation and infrastructure development.

It is noted that, The Petrapole-Benapole border is crucial gateway to trade between India and Bangladesh, with 70 percent of the land-based bilateral trade passing through the land port. The border has been optional round the clock since August 2017.

Given the importance of Petrapole-Benapole ICP to the movement of passengers a new passenger terminal building is also under construction to cater to growing cross-border movement of passengers. In addition , a second cargo terminal gate is going to be constructed with grant assistance of government of India. Which is excepted to double the cross-border throughput of vehicles per day.

During his visit, High Commissioner Verma noted the importance of Petrapole- Benapole ICP and the efforts being made to enhance its capacity for facilitating movement of goods and passengers. High Commissioner reaffirmed India’s commitment to development partnership and cooperation with Bangladesh to scale up bilateral trade investment, and promote people-to people exchanges. He underlined sustained ongoing efforts on both sides to strengthen connectivity and trade infrastructure at our land ports to gradually decongest and facilitate smoother movement of goods and people across the border.

Notably, Bangladesh is India’s largest development partner in the world and the biggest trade partner in South Asia. In the last five years, bilateral trade has grown from USD 7 billion to around USD 18 billion. Bangladesh’s exports to India have crossed the USD 1 billion mark consecutively over the last three years, reaching nearly USD 2 billion in 2021- 22. India with its diverse market, has emerged as the top export destination for Bangladesh in Asia.

Our Connectivity and trade infrastructure development projects with Bangladesh are based on long standing friendship and shared conviction that progress and prosperity of the two countries and two peoples are interlinked.


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