New Delhi: The American Chamber of Commerce and Industry (Amcham) has mounted an India Business delegation of 22 members to Bangladesh to look at new opportunities for growth of trade and investment.
KN Memani, chairman, Amcham
With the aim of exploring expansion opportunities in the hugely untapped south Asian market while retaining India as its base, American companies are increasingly looking at Bangladesh as their next business destination.
The business delegation comprising of US companies presently operating in India will leave on 1April, 2008 and will be led by K N Memani, chairman, Amcham.
Meetings with senior government officials and industry representatives of Bangladesh will allow representatives from diversified sectors as food & beverages giant Coca-cola, consultancy firms like the Deloitte, Mercer, Information Technology major like Quaker Chemicals, Medical Devices company like Stryker and AMO, and others like Sikorsky to have a broader perspective of the Bangladesh market.
Memani said, “We would like to expand the Indo-Bangladesh trade through US companies. There is a lot of untapped potential which we hope the two countries with their political support will be able to leverage.”
According to latest World Trade Organization’s (WTO) figures, the country’s rate of growth in real GDP has been 6% for the time period 2000-2006. The growth in merchandize trade has also been phenomenal with annual percentage change hovering at 27% in 2006.