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Indian investors should set up ‘buy-back projects’ in Bangladesh for easy connectivity: Envoy

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Kolkata, July 24 (IANS) Pointing out that trade figure between the two countries have increased manifold in recent years, Bangladesh High Commissioner Syed Muazzem Ali on Monday said Indian investors should set up large-scale “buy-back projects” in Bangladesh for better connectivity with the Northeast and other neighbouring countries.

Speaking at a seminar “Bangladesh’s Graduation from LDC: Prospects of Bangladesh-India Economic Engagement” here, the envoy said such projects, on the lines of US-Canada and US-Mexico, would benefit the investors and further boost the trade relations between the two countries.

“Indian investors can set up industries in Bangladesh as ‘buy-back projects’ and re-export to parts of India and some other neighbouring countries. The connectivity of Northeast is somewhat disjointed with Indian mainland. If production units can be set up in Bangladesh, it would provide easy access to Northeast,” Ali said.

“Similar equations exist between US-Canada and US-Mexico as well that has helped Canada and Mexico to emerge as two of the largest trading partners of the USA in a very short time. If they can do it, India can do the same in Bangladesh,” he said.

Stressing on more connectivity between the two countries, Ali mentioned about commissioning of Akhaura to Agartala 18-km railway stretch, which will provide the Northeast India easy access to Chittagong port.

“Once the railway connectivity is successful, the export materials of entire northeast India would be able to reach the Chittagong port within two-and-half hours. It would become the access point of the north-eastern port to the outside world,” he noted.

He also said Bangladesh has offered three exclusive economic zones in Mongla, Bheramara and Mirsarai for Indian investments.

Referring to the growing trade relation between India and Bangladesh, he said the trade figure crossed six billion USD in 2016-17, while there has been agreements for Indian investment worth USD 13 billion in Bangladesh during his country’s Prime Minister Sheikh Hasina’s visit to India in April 2017.

The envoy further said Bangladesh has currently relaxed its visa regime and is providing five years’ visa to the veterans, freedom fighters and businessmen from India and noted that his country’s administration is working towards providing visa for longer period.

Hailing Bangladesh for being the only country to have achieved all three criteria — Gross National Income, Human Asset Index and Economic Vulnerability Index — for graduating from a Least Developed Country (LDC) to a developing country, he said the nation has to work hard for the next three years to be permanently declared as a developing country in 2021.

–IANS
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Dr. Abhishek Verma Dedicates a Shelter in Memory of His Mother, Veena Verma, at KGMU; Inaugurated by Daughter Nicolle Verma

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World-renowned business tycoon Dr. Abhishek Verma has supported Foodman Vishal Singh’s Hunger-Free World mission. In memory of his mother, Late Veena Verma, who was a 3 term Rajya Sabha MP.

Dr. Verma dedicated a state-of-the-art free permanent shelter for the attendants of patients at KGMU Medical University, Lucknow, under the aegis of Vijay Shree Foundation. His daughter, Nicolle Verma, inaugurated the shelter.

During the event, Foodman Vishal Singh honored Nicolle Verma by presenting her with a memento. Mrs. Nidhi Sharma and Avantika Yadav, associated with the organization, welcomed her with garlands. Following this, Nicolle Verma distributed essential items to the attendants and also handed out fruits. She became emotional remembering her grandmother on her birth anniversary.

On this occasion, she also inaugurated the “Veena Verma Sevalaya” in memory of her grandmother, Veena Verma, to serve the attendants. She expressed, “I feel proud that my family is engaged in nation-building as well as social service. Today, in collaboration with Vijay Shree Foundation founder Foodman Vishal Singh Ji, I feel immensely proud to dedicate this shelter for the poor, helpless, and needy attendants of patients battling serious illnesses like cancer. I am honored to be associated with the Hunger-Free World Mission for humanity.”

Inspired by the continuous humanitarian service provided by Vijay Shree Foundation over the past 17 years, Nicolle Verma donated 10 lakh rupees to support the cause. The purpose of this donation is to ensure that services continue for the needy attendants of patients suffering from severe illnesses in hospitals, as facilitated by Foodman Vishal Singh.

It is noteworthy that Dr. Abhishek Verma’s family has a legacy of public and philanthropic service. They are helping millions to carry forward the values and service work of their parents. On the occasion of his mother’s birth anniversary, Dr. Abhishek Verma dedicated this state-of-the-art permanent shelter at Lucknow Medical College to serve the attendants of patients through the Vijay Shree Foundation.

Supporting Foodman Vishal Singh’s Hunger-Free World mission, Dr. Abhishek Verma assured that he would continually support keeping this flame of humanity alive. He also promised to assist in providing medicines to the helpless patients.

Continuing her grandmother’s legacy of service, Nicolle Verma personally served food to the needy patients and attendants. She said, “It is our good fortune to have received the joy of doing this noble work today through Foodman Vishal Singh. I have taken another step forward in carrying my family’s values and cooperation by joining hands with the Vijay Shree Foundation. My father taught me to serve and help the needy, and I feel happy when I bring a smile to someone’s face.”

On the birth anniversary of the late Veena Verma, the event organizer, Vijay Shree Foundation founder Foodman Vishal Singh, said, “We feel proud and happy that Dr. Abhishek Verma, a globally renowned business tycoon, has extended his support to uplift our country from the hunger index. Today, on his mother’s birth anniversary, he inaugurated a state-of-the-art permanent shelter at Lucknow Medical College, which will always be helpful for the needy attendants of patients. It is a pleasure for me and the organization to receive the affection of Mr. Verma.”

The event was attended by General Manager Verma Family Office Hemant Garg, Sonu Rajput, and the organization’s volunteers, including Sandeep Singh, Parmeshwar Ji, Prashant Rao Gautam, Balram Singh, Ramesh Chaudhary, Suman, Jeetu, Anil, Suraj, Vinay, Manish Bhadauria, Manas Mehrotra, Vivek, Apurv, Happy, and others.

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