“Don't use onion in food”, Bangladesh PM told her cook post export ban
New Delhi, Oct 4: India's onion export ban seems to have impacted kitchen of Bangladesh Prime Minister Sheikh Hasina, as she has urged in lighter vein to provide prior information about such decisions.
The Bangladeshi prime minister said that India's sudden decision to stop onion exports has lead to a bit of difficulty for her countrymen.
"I don't know why you stopped onion (exports). So what I did was, I told my cook to not to use onion in food Prior notice of such decisions would help. Suddenly, you stopped and it became a difficulty for us. In future, if you are taking such a decision, prior information would help," she said in a lighter vein.
She was addressing India-Bangladesh Business Forum here, which was organised by industry chambers, including CII and Assocham. Commerce and industry Minister Piyush Goyal was also present at the event.
Last Sunday, India banned exports of onion to increase availability of the commodity in the domestic market and contain spiralling prices. The Centre has also imposed stock limits on both retail and wholsesale traders for onion.
Further talking to enhancing trade and investments between the two countries, she said huge potential exists in Bangladesh for Indian business community in different sectors.
She said that Bangladesh has the most liberal investment policy in South Asia, and it includes protection of foreign investment by law; generous tax holiday; concessionary duty on import of machinery; unrestricted exit policy; full repatriation of dividend and capital on exit, to name a few.
"We are in the process of establishing 100 Special Economic Zones. About a dozen of them are ready with four allotments to three countries. Bangladesh has offered three zones for Indian investors at Mongla, Bheramara and Mirsarai. Substantial investment from Indian investors in these three Indian Economic Zones in Bangladesh would help broaden our exportable base.
"We also want to see trade and investment together where Indian big investors can set up industries in Bangladesh and export the products to the north-eastern states of India and to South-east Asian countries taking advantage of the improved connectivity between us," Hasina said.
The prime minister said that strategic location of Bangladesh provides tremendous potential for being the economic hub of the region.
With India on the west, China on the north and Southeast Asia on the east, Bangladesh is in the middle of a combined market of 4 billion people, she said, adding the volume of bilateral trade has steadily grown during the past years.
"The balance of trade, however, is still largely in India's favour. The volume of trade between two countries is nearly USD 10 billion. In 2018, Bangladesh was India's eighth largest export destination with USD 8.8 billion export and our export to India also crossed USD 1 billion mark for the first time last year. So, the progress is visible, but there is lot of scope for further deepening our relations in the area of trade and investment," she said.
Goyal said that India businesses should grab opportunities in the neighbouring country.
"There are so many areas where businesses of both the countries can increase cooperation. Grab the opportunity that Bangladesh offers," he said.
Further, he said that lot of potential exists in railways also and India is ready to share its expertise in the development of this sector in Bangladesh.
India is looking to increase the frequency of three trains between the two countries, he added.
Bandhan Express, which runs between Kolkata and Khulna once a week, would be increased to twice a week and later four days a week. Similarly, frequency of Maitree express, which runs between Kolkata and Dhaka, would be increased to five day a week from the current four day a week and "my effort will be to make it daily," he said.
"We are looking at making entire railways between the countries a seamless movement for goods and people," he added.
Commenting on the economic relations between the two countries, SAARC Chamber of Commerce & Industry (SCCI) Vikramjit Singh Sahney said that both the countries have huge potential to increase trade and investments.
He said that the line of credit extended by India to Bangladesh should include fertiliser plants also and "there is a need to open more check posts and skill training centres to enhance capacity building".
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Nigeria confirms at least 27 people died, more than 100 missing after boat capsized
Abuja (AP): At least 27 people died and more than 100, mostly women, were missing on Friday, after a boat transporting them to a food market capsized along the River Niger in northern Nigeria, authorities said.
About 200 passengers were on the boat that was going from the state of Kogi to neighbouring state of Niger when it capsized, the Niger State Emergency Management Agency spokesman Ibrahim Audu told The Associated Press.
Rescuers managed to pull 27 bodies from the river by Friday evening while local divers were still searching for others, according to Sandra Musa, spokeswoman for the Kogi state emergency services.
No survivor was found about 12 hours after the incident occurred, she added.
Authorities have not confirmed what caused the sinking but local media suggested the boat may have been overloaded. Overcrowding on boats is common in remote parts of Nigeria where the lack of good roads leaves many with no alternative routes.
According to Justin Uwazuruonye, who is in charge of Nigeria's National Emergency Management Agency operations in the state, rescuers had trouble finding the location of the capsizing for hours after Friday's tragedy struck.
Such deadly incidents are increasingly becoming a source of concern in Nigeria, Africa's most populous country, as authorities struggle to enforce safety measures and regulations for water transportation.
Most of the accidents have been attributed to overcrowding and the lack of maintenance of the boats, often built locally to accommodate as many passengers as possible in defiance of safety measures.
Also, authorities have not been able to enforce the use of life jackets on such trips, often because of lack of availability or cost.
