Bangladesh high commissioner to India Syed Muazzem Ali recently urged Indian companies to boost their investment his country to reap the benefits of the business-friendly environment there. Speaking at the Pondicherry Global Economic Summit and the Fifth World Tamils Economic Conference Pondicherry, he suggested establishment of a series of buy-back projects.

Ali urged Indian investors to take advantage of Bangladesh’s competent labour costs and closer proximity to markets in India’s north-east. The projects would involve Indian investors setting up industries in Bangladesh and re-exporting to India and some other neighbouring countries, a report quoted the envoy as saying.