"CII since then has been in dialogue with its counterpart organisations and governments in Bangladesh and Myanmar for this car rally," Banerjee said.
Banerjee incidentally has been honoured with the China-India Friendship Award by the Chinese Premier Wen Jiabao for his contributions towards the development of bilateral ties between India and China.
Optimistic of the success of the rally, Banerjee said: "We don't see any major hurdles. In fact, we are very optimistic, looking at the interest and disposition of all the four countries that are involved. This is so because all of them stand to benefit."
80 participants from the four countries will participate in 20 SUVs in the BCIM Car Rally.