Electricity import from India is an economic option for Bangladesh as it is cheaper than all other options for the country confronting limited choices, according to a new report.
The report titled — Economic Benefits from Bangladesh-India Electricity Trade — said India and Bangladesh have identified infrastructure involving power and transport as potential areas to improve economic cooperation, leading to better political relations.
“This study substantiates the fact that electricity trade is a win-win option for both countries,” said the report.
The report was published at a workshop organised by the Bangladesh Enterprise Institute at Lakeshore Hotel in Dhaka yesterday.
The report was prepared by Delhi-based research think-tank the Integrated Research and Action for Development (IRADe) under the South Asia Regional Initiative for Energy Integration (SARI/EI) project supported by the USAID.
The study used three scenarios to quantify the power trade potential and macroeconomic benefits for both countries. They can also invest in savings certificates and other government securities worth Tk 5 lakh. The banks can disburse Tk 2 lakh in SME loans to an e-KYC account holder.
The e-KYC will eventually eliminate the need for hard copy document management, said the BB official.
“It will reduce the risk of identity fraud,” he said.
The service will completely be automated and the e-KYC data will be furnished in real-time, without any manual intervention. Digitally signed e-KYC data will be machine readable, meaning the service provider can directly store it as customer record in their database for purpose of service and audit etc.