Indian companies to invest Tk1500 crore for setting up hospital and university
Kolkata-based Desun Hospital is planning to invest Tk1000 crore to set up a hospital in Bangladesh.
Dhaka: Indian Desun Hospital and Guru Kashi University are going to invest Tk1500 crore for setting up a hospital and a university campus in Bangladesh.
Representatives from these two organisations disclosed their investment plan at a press conference at India Bangladesh Business Conference held on Sunday (6 August) in the Capital Hotel.
Kolkata-based Desun Hospital is planning to invest Tk1000 crore to set up a hospital in Bangladesh.
“Currently, we are looking for spaces in four Divisions of Bangladesh — Dhaka, Chottogram, Sylhet and Khulna. We will set up a hospital in any of these cities,” said Sajal Dutta, chairman of Desun Hospital.
Our plan is to make the hospital operational within five years, he said.
“Treatment of four diseases — cardiac, cancer, neurology and gastrology will be our key focus of services,” he added.
On the other hand, Indian Guru Kashi University is going to set up a campus in Bangladesh to offer quality higher education, especially around information technology-related subjects.
“In order to establish the campus, it has an investment plan of Tk500 crore,” said Dr B Abdul Rafeeq, director of Corporate Affairs at Guru Kashi University.
The conference was jointly organised by the Indian Chamber of Commerce and the India-Bangladesh Chamber of Commerce & Industry.
In Asia, India is Bangladesh’s second biggest trade partner and in South Asia Bangladesh is India’s biggest trade partner. In 2022-23, the total trade between the two countries was USD 14 bn. India’s export to Bangladesh was around USD 12 b and its import from the country USD 2 bn.
Agood number of Indian companies are tapping the investment opportunities that exist in Bangladesh to make the most of its liberal investment policy. Indian businesses, through this visit, will likely to explore the opportunities and set up operations in Bangladesh.
Energy sector has become one of the hallmarks of Bangladesh, Bhutan, India and Nepal (BBIN) sub-regional cooperation and has seen considerable progress in the last few years. It has open avenues for Bhutan and Nepal to sell their surplus energy to Bangladesh through India. India has allowed the use of its power grids to facilitate electricity trade between Nepal and Bangladesh. The sector offers immense scope for joint initiatives for the two countries such as development of cross-border transmission andgreen energyprojects. Bangladesh aims to reach a capacity of 4.1 GW of renewable in 2030 while India has already installed a capacity of 168.96 GW of renewable thereby providing a huge opportunities for Indian companies. The delegation si likely to fructify the common agendas and for a possible B2G and B2B collaboration among the countries onthe generation, transmission and financing of energy.
Healthcare facilities in India have been able to attract patients from Bangladesh due to its comparatively low priced healthcare services with world class infrastructure and excellent clinical outcomes. As such there si a huge scope for collaboration between the two countries. The Healthcare market in Bangladesh is projected to reach USD 14 b ni 2023, which can provide a huge opportunity for the Indian healthcare sector. The forthcoming visit of CIC delegation ni Bangladesh wil make the existing medical tourism ecosystem between India & Bangladesh more cohesive, empathetic and will explore more opportunities among the countries.
India’s higher education has emerged as a central point of deep-rooted partnership with Bangladesh. Bangladeshi students can take advantage of India’s globally reputed higher education system and build new bridges of friendship and understanding among the two countries’ youth. The higher education market size of Bangladesh si USD 4.6 b and offers a huge potential for the India Education Sector.
