Talking to mediapersons here, Indo-Bangladesh Chamber of Commerce and Industry (IBCCI) president and NNGI chief Abdul Matlub Ahmad said after signing the MoU that his company would have 40 per cent share of total investment while rest 60 per cent would be borne by the Indian counterparts.
According to the MoU, about 1.5 Lakh tyres would be produced with available raw material in Tripura and 70 per cent of the production would be exported to Bangladesh while rest 30 per cent would be supplied in domestic market, especially in Northeastern states.
He said earlier there was no scope of formal investment from Bangladesh in India but with the improvement of bilateral trade relations, Bangladeshi entrepreneurs had now been allowed to invest in India, adding ''It's only the beginning.'' ''With the recent visit of Bangladesh Prime Minister Sheikh Hasina, Indo-Bangladesh trade relations received a boost and new projects like laying railway tracks between Agartala-Akhaura, access to Chittagong and Mongla port, opening of Ramgarh (southern part of Tripura) as international business point have come up,'' Mr Ahmad said.
Bangladesh has taken initiative of large scale investment in rubber sector of Tripura, besides value addition and international quality handicraft production while asserting that IBCC would facilitate the development of investment opportunities from South Asian Association for Regional Cooperation (SAARC) in Northeast India.
''We need about 20,000 tonnes bamboo for running paper industry in Bangladesh and IBCCI has been conducting study on the quality of Tripura bamboo and hopefully Bangladesh will import bamboo from Northeast,'' Mr Ahmad underlined, adding the NNGI had bought paper production machines from Switzerland.