ANI
India is the largest supplier of auto spare parts to Bangladesh. More than 90 percent of the parts come from India. Indian traders said that this supply is being stopped in protest against the attacks on Hindus and vandalism of temples. There are also preparations to stop the export of vegetables. Traders of West Bengal have stopped the supply of vegetables to Bangladesh for 24 hours.
Feeding milk to a snake will prevent it from biting. The strain in the relations between India and Bangladesh is now visible in trade also. The continuously deteriorating situation in Bangladesh and the atrocities on Hindus and attacks on temples forced the traders of Barat to take a tough decision. Giving a clear message to Bangladesh, India has issued a 24-hour ultimatum and stopped the supply of 90 percent of the goods. Increasing attacks on the minority community in Bangladesh, economic instability and political turmoil are now becoming a threat to the entire region. On one hand, Indian businessmen are giving a shock to Bangladesh by taking the risk of their losses. At the same time, America is also adopting a tough stance on this issue. Considering the situation in Bangladesh, Indian businessmen have taken a big decision.
India is the largest supplier of auto spare parts to Bangladesh. More than 90 percent of the parts come from India. Indian traders said that this supply is being stopped in protest against the attacks on Hindus and vandalism of temples. There are also preparations to stop the export of vegetables. Traders of West Bengal have stopped the supply of vegetables to Bangladesh for 24 hours. Traders have warned that if the situation does not improve, the supply of potatoes, onions and other vegetables will be stopped for five days. Assam and Tripura completely stopped their trade with Bangladesh. Private hospitals in Tripura also stopped treating patients from Bangladesh. Entry of Bangladeshi citizens has also been banned in hotels.
Actually, Indian businessmen have given three big reasons behind this tough decision. The first is the threat of payment. The economic condition of Bangladesh is very bad. According to Federation of Indian Export Organization (FIEO), traders fear that there is no guarantee of payment coming from Bangladesh. Reserve Bank of India has also expressed concern over this because if payment is not received then FEMA law will be implemented and traders will also be suspected. Atrocities on Hindus are also a reason. The way traders took these steps due to the incidents of vandalism of temples, arrest of priests and targeting of Hindus in Bangladesh. Apart from this, the declining economy of Bangladesh is also a reason, which Moody’s has estimated in its rating.
