Indian corporations need to put money into healthcare, schooling, power
Indian firms are displaying eager curiosity to put money into Bangladesh’s healthcare, schooling and power sectors, with the nation’s market dimension changing into larger and the connectivity between the 2 neighbours stronger.
Sajal Dutta, chairman and managing director of West Bengal’s Desun Hospital, mentioned they’re on the lookout for land in 4 locations — Dhaka, Chattogram, Sylhet and Khulna — for establishing specialised hospitals of cardiac, most cancers, neuro and gastro care.
“Our goal is to determine the hospitals in 5 years with an funding of Tk 1,000 crore,” he mentioned at a press convention organised by the Indian Chamber of Commerce (ICC) at Lodge Pan Pacific Sonargaon Dhaka yesterday.
ICC Director Basic Dr Rajeev Singh led a delegation of 85 Indian firms to Dhaka for the two-day India-Bangladesh Enterprise Leaders’ Meet, the place the Indian and Bangladeshi companies are discussing enterprise alternatives.
In keeping with information of the Indian authorities, some 2.5 million Bangladeshis go to India for healthcare yearly.
And as per an ICC handout, the healthcare market in Bangladesh is projected to be $14 billion this 12 months, making it an enormous alternative for the Indian healthcare sector.
Sajal Dutta, chairman and managing director of West Bengal’s Desun Hospital, mentioned they’re on the lookout for land in 4 locations — Dhaka, Chattogram, Sylhet and Khulna — for establishing specialised hospitals of cardiac, most cancers, neuro and gastro care
Sajal Dutta mentioned India offers top quality healthcare and Bangladesh has a excessive demand for this service. However, many Indian college students research drugs in Bangladesh. So, there’s big scope for collaboration between the 2 nations on this sector.
Prashant Sharma, managing director on the Charnock Hospital in Kolkata, mentioned Bangladesh can deal with nursing schooling because the occupation is of excessive demand globally.
With this backdrop, the Indian schooling entrepreneurs mentioned India offers top quality schooling, for which there’s excessive demand in Bangladesh.
Particularly, India can present high quality schooling in IT, agriculture and technical schooling, they mentioned.
In addition they mentioned there seems to a scarcity of on-campus job placement programmes in Bangladesh and so, Indian academic establishments can have collaborations with their Bangladeshi counterparts to this finish.
Dr B Abdul Rafeeq, director of company affairs on the Punjab-based Guru Kashi College, mentioned they’ve a long-term funding plan for schooling in Bangladesh.
Establishing Institutions & Universities in Bangladesh: Cooperation Needed
“We’ve got alternatives to take a position if Bangladesh’s authorities cooperates and coordinates with us. We need to set up a gaggle of establishments and universities within the nation,” he advised reporters.
In keeping with the ICC, the scale of the upper schooling market of Bangladesh is $4.6 billion.
An official of Indian public sector hydropower firm NHPC Ltd mentioned Bangladesh has big demand for energy, and given the local weather change facet, hydropower shall be an essential part in power manufacturing.
Bhutan and India’s Northeast may also be an essential supply of hydropower, he mentioned, including that the corporate is already producing hydropower in Nepal that may be finally imported to Bangladesh.
Moreover, each the India and Bangladesh delegations mentioned the enterprise potentials of buying and selling agricultural merchandise between the 2 nations.
Nonetheless, they mentioned there are nonetheless tariff and non-tariff limitations that must be eliminated to make sure clean enterprise on this regard.
Abdul Matlub Ahmad, president of the India-Bangladesh Chamber of Commerce and Trade, additionally spoke.
Throughout a separate occasion on the identical venue — the BIMSTEC Vitality Convention — Indian Excessive Commissioner to Bangladesh Pranay Verma mentioned, other than transport connectivity, power connectivity must be strengthened within the area as its future is dependent upon these two sectors.
Internet commerce within the BIMSTEC area is $3 trillion, however the intra-trade is simply value $75 billion, he mentioned whereas stressing that the sub-regional physique must be made environment friendly by facilitating commerce.
Investing in healthcare, education, and energy is crucial for Indian corporations to contribute to the country’s overall development and address key socio-economic challenges. These sectors are critical pillars that can uplift the standard of living and drive sustainable growth in India.