India and Bangladesh can become ‘Pharmacy of the world’: Piyush Goyal
India and Bangladesh can become ‘Pharmacy of the world’, Commerce and Industry Minister Piyush Goyal said Monday, adding that time was ripe for the two countries to consider joint manufacturing of Covid-19 vaccines and other medicines.
"During COVID-19, vaccines produced in India - Covaxin & Covishield created a niche for themselves as safe vaccines. Time has now come for joint manufacturing of vaccines and other medicines!" Goyal said while addressing the “Inaugural session of India-Bangladesh Stakeholder’s meet”, organised by the Indian Chamber of Commerce
Vaccine Maitree reaffirmed our Mitrata (friendship) with over one crore vaccines being supplied from India, Goyal said.
"We have also extended three lines of credit for $8 bn to Bangladesh, the largest concessional credit given by India to any single country. Indo-Bangladesh CEO Forum to promote investments is another testimony to our friendship. We are also developing two Indian Economic Zones at Mirsarai and Mongla in Bangladesh," he stated.
The Textile Industry Forum between India and Bangladesh constituted to facilitate cooperation in the Textiles sector is also yielding results.
"We have over 350 Indian companies in Bangladesh now. The Hon’ble Prime Minister Shri Narendra Modi has invited 50 young Bangladeshi entrepreneurs to visit India, which I am sure will augment our strong ties,” he added.
Improving this connectivity further is imperative for expansion of our bilateral trade and realisation of the investment potential of Bangladesh and eastern India.
"While there is need to give more impetus to Joint Production of Defence Equipment, our defence cooperation has not progressed, though India offered USD 500 mn line of credit. Time has come to take it to the next level!" he noted.
The two countries should explore potential areas of investments, like textiles, jute products, leather & footwear, APIs for pharmaceuticals, medical equipment, digital health & education services, agribusiness, electronics, renewable energy, etc, he added.
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