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Updated Monday, April 25, 2011 11:34 am TWN, dpa

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Indian entrepreneurs planning to invest US$3.5 bil. in Bangladesh

DHAKA -- Indian private entrepreneurs have planned a US$3.5 billion investment to tap market potential in Bangladesh, a senior Indian minister visiting Bangladesh said Saturday.

“The investment, already in the pipeline, will help increase job creation and value addition,” said Anand Sharma, Indian Commerce and Industry Minister, told reporters after official talks with his Bangladeshi counterpart Muhammad Faruk Khan.

Telecommunications, pharmaceutical and household appliances are the major sectors where Indian firms are planning investment as they believe Bangladesh is a growing market for India. Indian telecom Airtel, which launched a Bangladeshi operation last year, has already invested US$300 million, and plans to invest US$500 million more.

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