shringla: AI, startups, Fintech & UPI could be future areas of Indo-Bangla coop: Shringla

Former International Secretary and India’s G20 chief coordinator Harsh V Shringla on Tuesday instructed that future areas of Indo-Bangladesh cooperation may cowl sectors together with Artificial Intelligence, start-ups and enterprise capitalist funding, UPI, FINTECH, web of issues and house amongst others.

Shringla was chairing a session on the Indian Council for World Affairs (ICWA) right here forward of Bangladesh PM Sheikh Hasina’s India go to on September 6-7. He had earlier served as India’s envoy to Dhaka.

He additional famous that the conclusion of bilateral CEPA will profit each side. ET had earlier reported that Hasina has given inexperienced sign to conclude CEPA and her go to will witness progress on that. A Joint Feasibility Research report point out that CEPA will enhance export earnings by 190% every and affect Bangladesh’s GDP by 1.72% and India’s by 0.03%.

Shringla additional instructed that the neighbours can deal with Joint flood administration and work in the direction of sustainable options to deal with air pollution of rivers. He additionally known as for administration of fisheries reserves, sundarbans and different cross-border forest areas.

The senior diplomat additionally referred to 3rd celebration (Nepal) provide of energy to Bangladesh via India facilitated by Energy Commerce Coverage and pointed to transmission line via Bangladesh to facilitate evacuation of hydropower from North East.

He additionally known as for enhanced cooperation with Bangladesh in BIMSTEC and BBIN and pitched for personal sector investments from each nations.

It might be recalled that Bangladesh has emerged as India’s fifth largest buying and selling associate ($ 16 billion). India is the one nation in Asia the place Bangladesh’s exports have reached US$ 200 billion. Bangladesh has skilled over 6% development up to now 10 years and is now a middle-income nation.

Former Bangladesh International Secretary Sahidul Haque who was spoke on the event famous that India remained an essential associate in Bangladesh’s international coverage.

“Relation between the peoples of India and Bangladesh has been cast in a novel scenario of tragedy, sacrifice, misery, in addition to inspiration, freedom, range, improvement, and inclusion. Bangladesh’s relation with India could be very particular and of everlasting in nature.”