India likely to allow FDI from Bangladesh

The Indian government today indicated; it may soon allow foreign direct investment (FDI) from Bangladesh on a selective basis and after security checks.

India currently prohibits FDI from Bangladesh for security reasons.

“We have been reviewing these restrictions with a view to enabling FDI from Bangladesh into India on a case-to-case basis, subject to security clearance,” said minister for commerce Jairam Ramesh.

Bangladesh has been concerned by the trade imbalance between the two neighbours which is heavily in favour of India.

News via PTI