Indian High Commissioner to Bangladesh Pranay Verma has said Bangladesh and India, as the two largest economies of the region and close neighbours with focus on building connectivity, are ‘uniquely positioned’ to lead the regional economic integration, and build resilient and future-ready supply chains.

He made the remarks while welcoming a delegation of newly appointed directors of the India Bangladesh Chamber of Commerce and Industry (IBCCI) over an interactive session held at the High Commission recently.

The meeting reaffirmed the shared commitment to unlock new avenues of cooperation and elevate the Bangladesh-India economic partnership to the next level, said the High Commission on Monday.

IBCCI is a platform comprising over 500 companies, which promotes bilateral trade, investment and business collaboration between India and Bangladesh.

The High Commissioner appreciated the role played by IBCCI in strengthening economic partnership between India and Bangladesh.

He emphasised the need to leverage the geographical proximity between the two countries into tangible economic opportunities, and urged IBCCI to develop a future-oriented economic engagement transforming trade linkages into broader economic partnerships, investments and value chain integration.

The High Commissioner also exchanged views with the IBCCI delegation about recent developments in bilateral economic engagement, including the newly instituted mechanisms for trade settlement in Indian Rupees, as well as ongoing infrastructure upgrades at key Land Customs Stations to facilitate more efficient cross-border trade.