News Flash
DHAKA, April 20, 2026 (BSS) – The Assistant High Commissioner of India, Dr. Rajeev Ranjan, conducted a high-level visit to the Chittagong Stock Exchange (CSE) at Agrabad in Chattogram on Sunday, a move aimed at revolutionizing the regional capital market through strategic bilateral synergy and enhanced cooperation between the two neighboring nations.
The significant diplomatic and financial engagement was hosted by the top leadership of the CSE, including Chairman A.K.M. Habibur Rahman and Managing Director M Shaifur Rahman Mazumdar FCA FCMA, said a press release.
The deliberations also included CSE Board Directors Major (Retd.) Emdadul Islam, Shahjada Mahmud Chowdhury, and Naznin Sultana, FCA, alongside other senior officials of the exchange.
The meeting underscored the growing synergy between the financial sectors of Bangladesh and India, establishing a formal platform for national economic progress.
Underscoring the strategic necessity of market modernization, CSE Managing Director M Shaifur Rahman Mazumdar FCA FCMA presented a comprehensive plan for the growth and diversification of the Bangladeshi capital market.
Central to this vision is the transition of the CSE into a multi-asset exchange, a key pillar of the exchange's modernization efforts.
Shaifur Rahman Mazumdar identified several critical areas for collaborative development, specifically the promotion and development of a robust commodity derivatives market; the expansion of diverse asset classes to broaden the market's reach and a formal invitation to Indian brokers and investors to explore emerging opportunities within the Bangladesh market.
Shaifur Rahman Mazumdar urged a deeper association with Indian market experts to deploy their extensive experience within the local financial ecosystem to accelerate these national goals.
In response, Dr. Rajeev Ranjan emphasized India’s steadfast commitment to sharing its wealth of experience in capital market dynamics.
He articulated that the development of a commodity derivatives field is the essential mechanism through which price discovery and risk management will be achieved for Bangladeshi commodity stakeholders.
To facilitate this institutional growth, Dr. Ranjan proposed several technical initiatives for knowledge transfer including arranging joint technical sessions between market experts; conducting specialized workshops focused on market mechanics and implementing structured knowledge transfer programs.
The high-level deliberations centered on the Multi Commodity Exchange of India (MCX) as a global leader and a primary model for the CSE's future.
Dr. Ranjan suggested that the successful MCX framework could serve as a definitive blueprint for the CSE's expansion. However, he clarified that this strategic partnership is contingent upon the regulatory prerequisite of securing formal cooperation from the Securities and Exchange Board of India (SEBI), ensuring a regulated and robust collaborative path.
Reflecting the depth of the diplomatic and economic ties between the two nations, Dr. Rajeev Ranjan delivered a formal address regarding the future of the partnership.
"India has a wealth of experience in the capital market—one that we are eager to share with Bangladesh. By arranging joint technical sessions, specialized workshops, and knowledge transfer programs, Bangladesh can tap into India’s proven expertise to develop the financial market particularly in the commodity derivatives field which is an essential step for price discovery and risk management for Bangladeshi Commodity Stake holders,” he added.
He said that the Multi Commodity Exchange of India (MCX) stands as a global leader in commodity derivatives, and its successful model can be used as a blueprint for CSE after getting the formal cooperation from Securities and Exchange Board of India (SEBI).
“India is fully committed to supporting Bangladesh’s ambitions, and as India sees Bangladesh not only as a neighbor but as a true development partner, we will walk this path side by side. Long live Bangladesh-India relationship," he added.
The proceedings concluded with remarks from CSE Chairman A.K.M. Habibur Rahman, who expressed profound gratitude to the Assistant High Commissioner for his visit and his optimistic vision for the sector.
Habibur Rahman conveyed a strong sense of optimism regarding the future of the Bangladesh-India relationship, noting that continued bilateral cooperation will be instrumental in the modernization and advancement of the national capital market.
