Imphal: Manipur and Bangladesh have entered into a new agreement to build and develop business cooperation with special focus on cooperative sectors.
The memorandum of intent (MoI) was signed by Manipur social welfare and cooperation minister Nemcha Kipgen and Bangladesh secretary Md Gyas Uddin Ahmed at Pragati Maidan in New Delhi on the valedictory occasion of the first India International Cooperatives Trade Fair (IICTF), 2019.
According to official reports, the MoI signed on Sunday is intended to build mutual business cooperation, mainly in cooperative sectors between Manipur and Bangladesh, to learn, assimilate and develop further on the strengths, experiences and objectives of the respective parties in the interest of trade and business.
Soon after the MoI was signed, minister Nemcha took to her Twitter handle and said: “Expanding our horizons further for development. I feel greatly privileged to sign a Memorandum of Intent (MoI) with the government of Bangladesh today to build mutual business cooperation in cooperative sectors.”
Nemcha also expressed that the MoI signed will expand and open wide scopes for the Manipur cooperatives to spread its trade to the other neighbouring countries.
Despite Manipur being one of the least developed states in the cooperative movement, the state’s handloom and handicrafts products are widely known in the world for its fine and unique quality, she asserted.
According to reports, at present, there are 10,916 cooperative societies having 8,06,105 members in all the 16 districts of the state.
After Mizoram, Manipur is the second state in Northeast India that has already signed an agreement with its neighbouring country Bangladesh for business cooperation.