India and Bangladesh have signed a Memorandum of Understanding (MOU) on the development of a system of cooperation in the field of trade remedial steps.
The Union Cabinet, headed by Prime Minister Shri Narendra Modi, has approved the Memorandum of Understanding ex post facto (MoU) The Memorandum of Understanding signed in Dhaka on March 27, 2021, on the establishment of a system of cooperation in the field of trade remedial steps between the Director-General of Trade Remedies of the Republic of India and the Bangladesh Trade & Tariff Commission of the People’s Republic of Bangladesh.
The MOU’s main aim is to encourage relations between the two countries in the field of trade remedies. The MOU encompasses a wide range of events relating to knowledge sharing and capacity building. Bilateral trade between India and Bangladesh in compliance with various World Trade Organization arrangements.
FDI inflows to the nation are expected to rise as a result of government initiatives.
The government’s actions on the fronts of FDI policy changes and investment have resulted in a rise in FDI. From April to January 2021, India received a total of US$ 72.12 billion in FDI. It’s the best it’s ever been for the first ten months of a fiscal year, and 15% more than the first ten months of 2019-20.
FDI equity inflows increased by 28% in the first ten months of FY 2020-21 (US$ 54.18 billion) relative to the same timeframe the previous year (US$ 42.34 billion). When it comes to the top investor nations. For the first ten months of the current financial year 2020-21, Singapore leads with 30.28 percent of overall FDI Equity inflow, led by the United States (24.28 percent) and the United Arab Emirates (7.31 percent).
Japan has become the most active investor country in India, accounting for 29.09 percent of overall FDI equity inflows in January 2021. During the first ten months of fiscal year 2020-21, Computer Software & Hardware has emerged as the leading market. These developments in India’s FDI confirm the country’s role as a favoured investment destination for international investors. The consultancy services sector emerged as a top sector.