Relationship between India-Bangladesh people cordial: BGMEA president Mahmud Hasan Khan Babu
Babu highlighted the similarities between the culture of West Bengal and Bangladesh, due to which the relationship between both countries is "good".
Mahmud Hasan Khan asserted that due to the regime change in both countries, the situation also changes. He said that sometimes the relationship of countries is cordial, sometimes one-sided love and sometimes it is a resentful situation.
Weighing on the "huge" business between India and Bangladesh, Mahmud Hasan Khan said the people of both countries will benefit if relationship is cordial.
"The relationship between Indian and Bangladeshi people is cordial. Especially in West Bengal and Bangladesh, we have some common cultural things, so the relationship is good. But the problem is that when the government changes on both sides, the situation also changes. Sometimes cordial, sometimes one-sided love and sometimes it is a resentful situation. It depends on the government in India or the government in Bangladesh...If the relations between the governments are cordial, it would be the best because both countries will benefit. Business between India and Bangladesh is huge", he told ANI.
Meanwhile, addressing the issue of investment situation in the country, Mahmud Hasan Khan Babu praised the current government and said that it has taken some good initiatives in terms of banking reforms, especially, control of looting and mismanagement of the banking sector.
However, Babu asserted that the investors are waiting for the elected government in Bangladesh for investment and said that the business people of the country also want a "permanent" government.
"By definition, this government is interim. Everybody knows, for the time being, they have come after the situation of the July uprising and revolution (last year)...This government has taken some good initiatives in terms of banking reforms, especially, control of looting and mismanagement of the banking sector. But in terms of investment, investors or businesses are waiting for the elected government. We, business people, would like to have a permanent government. We would like to see who is coming in the future. Based on their policy and activities, investment will depend. In an interim government, investors do not want to invest", Mahmud Hasan Khan Babu added.
Hashtags
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Observer
8 hours ago
- Observer
FTA with Oman almost finalised: Indian Minister
India's trade talks are in a 'very advanced' stage with the US, Oman, and the European Union, the country's Commerce and Industry Minister Piyush Goyal said on Saturday. Addressing reporters on Saturday, the minister said that the FTA with Oman is 'almost finalised', while negotiations with the EU and the US are 'making fast progress'. According to details on the Indian Embassy website, Indian The economic and commercial relations between India and Oman are robust and buoyant. Bilateral trade during FY 2023-24 reached US$8.947 billion and and for the FY 2024-25 reached US$10.613 billion. Investment flows, both ways, have been robust, as reflected in Numerous joint ventures have been established both in India and Oman. There are over 6,000 India-Oman joint ventures in Oman with an estimated investment of over US$776 million. Indian companies are investors in Oman, particularly at Sohar and Salalah Free Zones. The cumulative FDI equity inflow from Oman to India during April 2000 to March 2025 is US$605.57 million. Oman is India's 28th largest trading partner in FY 2024-2025, with total trade of US$10.61 billion, while India is Oman's third-largest non-oil export partner and fourth-largest in terms of imports. The main items of India's exports to Oman during the calendar year 2024 were light oils and preparations; Aluminium oxide other than artificial corundum; Rice; Boilers, machinery and mechanical appliances, parts thereof; Aeroplanes and Other aircraft and spacecraft; Electrical machinery and equipment and parts thereof; Other beauty / make up preparations; Plastic and articles thereof; Iron and Steel; Ceramic products, etc. The main items of India's imports from Oman during the calendar year 2024 were Petroleum oil crude; Liquefied Natural Gas; Urea, including fertilizer grade; Organic chemicals; Anhydrous ammonia; Sulphur, Earth and Stone, Plastering Materials, Lime; Plastic in primary forms.
Times of Oman
13 hours ago
- Times of Oman
India to sustain 6-6.5% YoY real GDP growth in FY26, amid supportive domestic demand: Report
New Delhi: India is projected to maintain a steady 6-6.5 per cent year-on-year real GDP growth in FY26, supported by resilient domestic demand and potential relief from softer global crude oil prices, despite pressures from recent tariff hikes, according to a UBS report. The Report believes India is less vulnerable to global trade shocks compared to more export-reliant Asian economies, owing to its lower goods trade exposure and a strong services export base, which now accounts for about 47 per cent of total exports. The policy focus is expected to remain on enhancing monetary transmission, following a cumulative 100 bps repo rate cut so far this calendar year. The report's analysts added that there may be room for an additional 25-50 bps of easing if inflation remains low and external risks dampen growth momentum. The fiscal drag is also expected to ease, with the central government likely to accelerate its capital expenditure targets. A reduction in retail diesel and petrol prices ahead of Diwali and the Bihar state elections in October-November could further boost household disposable income, providing additional support to consumption, the report added. India's economy grew by 7.4 per cent in the January-March quarter (Q4) of FY25, beating expectations and marking the strongest quarterly growth of the fiscal year. This was a sharp rise from the 6.2 per cent recorded in the previous quarter. Several experts have stated that the robust GDP numbers of the Indian economy in the fourth quarter of fiscal year 2025 are attributed to strong domestic consumption, government investment, and a relatively lower dependence on exports. Chief Economic Advisor (CEA) Dr. V. Anantha Nageswaran expressed confidence in the economy's resilience, stating that India's economy is in good shape despite the challenging global environment. India is poised to lead the global economy again, with the International Monetary Fund (IMF) projecting it to remain the fastest-growing major economy over the next two years. According to the April 2025 edition of the IMF's World Economic Outlook, India's economy is expected to grow by 6.2 per cent in 2025 and 6.3 per cent in 2026, maintaining a solid lead over global and regional peers.
Times of Oman
13 hours ago
- Times of Oman
Real estate sales expand for 1st time in June in last 12 months, pricing growth remains firm
New Delhi: India's residential real estate market saw a notable turnaround in June 2025, as housing sales (absorption) across the top eight tier-1 cities rose 2 per cent year-on-year--the first annual growth in 12 months. This uptick comes after declines of 11 per cent and 2 per cent in April and May, respectively, and is largely attributed to the base effect fading from the high absorption seen in April-May 2024. However, every quarter, sales were still down 4 per cent YoY. According to a UBS report, city-wise sales trends were mixed. Delhi-NCR's prominent realty market Gurugram led the recovery with a 68 per cent YoY jump in volumes, followed by Chennai (24 per cent) and Hyderabad (15 per cent). On the other hand, Mumbai Metropolitan Region (MMR) saw a 29 per cent decline in volumes, while Pune and Bengaluru recorded drops of 27 per cent and 6 per cent, respectively. According to the analysis, despite volume moderation in some cities, housing prices continued to rise robustly. In June 2025, average absorption prices in top-tier cities surged 20 per cent YoY, compared to 10 per cent in May. "Pricing growth remained firm across cities, aided by healthy inventory levels (driven in turn by calibrated supply)," the report added. On a quarterly basis, prices were largely flat sequentially but still posted a solid 14 per cent YoY gain. Gurugram again led the trends with a sharp 40 per cent YoY price increase, followed by Chennai (21 per cent) and Bengaluru (14 per cent). MMR, Pune, and Hyderabad recorded more moderate gains of 8-10 per cent, signalling continued pricing resilience despite varied sales performance. The report observed that the new residential launches across major cities declined 12 per cent YoY in June, indicating a demand-calibrated approach by developers. As a result, the inventory-to-sales (I/S) ratio, which measures the amount of inventory developers are carrying compared to the number of sales orders being fulfilled across top cities, remained largely stable, rising slightly to 1.68x in June from 1.66x in May--well below the peak of 3x seen during the downcycle. Conversely, inventory levels in southern cities such as Hyderabad, Bengaluru, and Chennai increased YoY. The data confirms expectations that YoY sales trends would improve starting June as base effects fade. The UBS analysts maintain a positive outlook for MMR and Gurugram, citing strong price growth and controlled inventories, while expressing caution over Bengaluru and Hyderabad due to rising inventory ratios.
