India - Bangladesh economic ties could put East India on the national real estate map

India- Bangladesh economic ties - 2011

"Five years before, if you had asked people on the streets, whether India was our friend or foe their reply could have been confusing or biased against India. For the last two years things seem to have moved in the right direction.

As I was telling at the out set, our relationship with India is possibly has received a new dimension, after the AL government got into power. Our prime minister visited Delhi in early 2010. Indian finance minister, foreign minister, home minister, foreign secretary and, more importantly Mrs. Sonia Gandhi, the ruling congress boss made a goodwill visit to Bangladesh, just days before she got admitted in an US hospital for a critical surgery. 

Two countries have determined their border for the first time in 64 years. India has granted USD 1.0 billion credit to help Bangladesh build its infra-structure and, by the courtesy Asian Development Bank, supply of 250 Mega Watt (MW) power is also seem to be on the track. India has increased our duty-free apparel export quota to 10 million dozens, though that seems to be quite small. 

We have already exported 80 per cent of that in last 7 months or so. With Mr. Manmohan Singh visiting us next month, we expect more to happen. Especially on rebuilding the `trust' side of it. We want to believe, India is a great neighbour and a true leader to the SAARC fraternity and, most importantly, we belong to a single platform of fraternity, good neighborhood and mutual trust." - Mamun Rashid says in the Financial Express Published out of Dhaka. 

But why are we talking about this? You will soon realize but before that, a little more from the High Commissioner of Bangladesh to India, Tariq Ahmad Karim.

"By opening up connectivity and transit, Bangladesh is poised to become the regional connectivity hub. This includes riverine transport, railways, road and air transport, linking the North- East with mainland India and bridging South Asia with South- East Asia." he says, in India Today.

With that entire country opening up its doors and a linked economy set up taking place between India and Bangladesh, the local economy of East India could get the much needed shot in the arm, we think. With massive ports and airports and giant road networks, the need for quality real estate is going to go up in the long run. 

We have been following this news closely and we think it is the key to put East India on the national map as far as real estate is concerned. And we are talking of two countries meeting up and opening a while new economy. Add to that a seamless connection to remote North East India and Bhutan and then, Burma and the picture becomes quite impressive! 

Lets set up a few logistics hubs, production facilities and boost the residential and retail markets as well while we are at it. A JV to produce power between the two countries could take care of the expansion. A micro climate to make the east rise and shine could well be on the horizon. We will keep you posted on this! 

Till then, do leave your comments here. We would love to hear from you!