India and Bangladesh have a bond in geography, history, and culture. Over 4,000 kilometres of common borders exist between the two countries. Thus, there is enormous potential for cooperation by the two countries to develop in an all-round manner with the resultant stability of the region. A cordial relationship between the two neighbours would mean development in unprecedented dimensions, fostering economic prosperity, technological development, and sustainable growth.
Among the world’s fast developing economies, is India and Bangladesh.
Improvement in bilateral trade can form the trigger to sustained economic growth of the two nations. With increased trade barrier easing, enhanced border infrastructural developments, and also reduction in custom procedures the bilateral trade of both nations would definitely gain high momentum.
Firstly, in the field of Industrial Co-operation, Bangladesh can benefit from India’s technological and raw material inputs in its textile and garment industry. Joint ventures can be undertaken to add value and gain access to global markets.
Secondly, in Investment Opportunities, Indian companies can invest in Bangladesh’s Special Economic Zones to boost industrial growth and generate employment. In return, Bangladeshi companies can invest in India’s northeastern states.
Thirdly, seamless connectivity being an essential factor in regional integration and economic dynamism; both countries can collaborate in the development of infrastructure projects that promote trade and people-to-people movement.
Fourthly, in case of Road and Railway Connectivity, the historical railway connectivity is revivable and upgradable; therefore, BBIN Motor Vehicles Agreement can be implemented, ensuring the efficient transport.
Fifthly, Bangladesh’s Chittagong and Mongla ports can be made as entry points for northeast India, which will increase trade and reduce logistics cost.
If we talk about Energy Corridors; cross-border electricity trade, including renewable energy projects, can ensure energy security and address growing power demands.
In case of Climate Change and Environmental Sustainability India and Bangladesh, being vulnerable to climate change, can work together in mitigation and adaptation strategies.
Together, they can discuss issues like rising sea levels, floods, and resource management.
While for Disaster Management, co-ordination programs for disaster preparedness, early warning systems, and relief operations can mitigate the impact of natural calamities. For Sustainable Agriculture, both countries can benefit from research and sharing of knowledge on climate-resilient crops and water-efficient farming.
In the field of River Management co-operative agreements on transboundary rivers, including the Teesta, can ensure that water is shared equitably and ecological balance is preserved.
Talking about Technological and Educational Advancement, both countries recognize the driving nature of innovation and education to prosperity. Pooling resources and competencies will strengthen the knowledge economies of India and Bangladesh.
Further, IT parks and the promotion of tech startups can facilitate digital transformation in both countries. India’s IT strength can be a catalyst for Bangladesh’s growing digital economy.
While academic exchange in terms of building human capital by scholarship awards and joint research work along with collaborating universities will go a long way:
Healthcare Co-operation can bring best practices and technology in healthcare, such as telemedicine, to improve access to quality health services.
In addition strengthening cultural and people-to-people ties, the deep cultural interlinkages between India and Bangladesh present excellent opportunities for developing good will and co-operation.
Some tourism promotion initiatives like Heritage circuits and visa simplification are among the common tourism initiatives that can increase traveling and tourism earnings for both countries.
Literary festivals, art exhibitions, and music events can be organized to celebrate shared heritage and promote cultural diplomacy. On the other hand through sports cooperation, Cricket and other games may act as a medium that brings the citizens of both nations closer.
A strong India-Bangladesh partnership will set an example of regional cooperation and help South Asia in terms of stability and prosperity. SAARC and BIMSTEC: Shared leadership in regional bodies can respond to common issues like poverty, terrorism, and climatic changes. Further in Global Forums the collective stand of both countries on international issues like trade, sustainable development, and human rights can amplify the voices of both countries in the global stage.
India and Bangladesh both can grow together if only they could regard one another, and develop trust by making cooperation stronger. One can find a future towards brighter and better state through sharing strengths with each other by developing issues on dialogue and teamwork.
