Cross Border Share Trading between bourses of India-Bangladesh should take place
Says, Mr.MKM Mohiuddin, President, CSE

Chittagong, April 30, 2007: CSE President Mr. MKM Mohiuddin while discussing with the Assistant Indian High Commissioner, Chittagong Mr. S Bhattacharjee while his visit in CSE said, “I would like to stress the need for exploring the scopes for cross border share trading between the bourses in India and Bangladesh. This opportunity will raise mutual benefit of both the economies. In this respect, I urge to discuss this issue with your policymakers so that the economies of Bangladesh and India could reap optimum benefit from this facility”.

He further said, CSE is always promoting foreign investors to invest in Bangladesh through capital market. I am sure; many of your investors have interest to start joint venture in Bangladesh. Bangladesh Government has been giving many incentives in Agro Based Sectors, Light Engineering, and Textiles for the foreign investors as well as for local entrepreneurs. It is the high time to grab this opportunity and align our capital market as a source of capital in the industries financing.

CSE President Mr. MKM Mohiuddin, Assistant High Commissioner Mr. S Bhattacharjee, First Vice President Mr. Nasiruddin Ahmed Chowdhury, Vice President Mr. Fakhoruddin Ali Ahmed, Directors ASM Shahidullah, Mr. Bijan Chakroborti, CEO Mr. AB Siddique are seen in the picture.

He also mentioned, Bangladesh-India has been maintaining a very pragmatic relationship for long time. We have huge trade deficit, which is disfavoring Bangladesh. Steps should be undertaken to reduce this gap for a healthy trade and business leading to a long lasting economic cooperation between the two brotherly countries. In this respect, I would like to call our business leader for increasing technical cooperation between the two countries to further develop in the key sectors like education, tourism, agriculture etc. and increase joint ventures on these sectors and raise fund from our Capital Market.

While saying on CSE’s credibility, he said, CSE has become a model Exchange in the country as an accountable, transparent and a state-of-the-art organization. It has become an indispensable institution in the capital market of Bangladesh. It is the proponent of many new concepts including trading system automation, central depository system, Internet Trading, Independent Secretariat, South Asian Federation of Exchange, Securities Training Institute etc. most of which have been materialized very successfully. CSE pioneered nationwide online trading bringing millions of investors in its investment net. Through Internet trading it will soon expand globally to attract foreign investments and cross-border trading is only a matter of time.

He requested Assistant High Commissioner to make one-to-one contact between the businessmen of both the countries and help us to expand our trading relationship.

First Vice President Mr. Nasiruddin Ahmed Chowdhury, Vice President Mr. Fakhor Uddin Ali Ahmed, Directors Mr. ASM Shahidullah, Mr. Bijan Chakroborty, Chief Executive Officer Mr. A B Siddique General Manager of IT Mr. Abdul Mutaleb, General Manager of Compliance Mr. Atiquzzaman were present in the meeting. Mr. AKM Shahroze Alam, Deputy Manger of Corporate Development made presentations on CSE and the current scenario of Bangladesh Capital Market.

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AKM Shahroze Alam
Deputy Manager
Corporate Development