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Delhi, Dhaka agree on 22 deals

Delhi, Dhaka agree on 22 deals

India has stepped up cooperation in the field of connectivity, energy and defence with Bangladesh. The two countries exchanged 22 agreements during the visit of the Prime Minister of Bangladesh Sheikh Hasina to India.

Major agreements between India and Bangladesh during the visit:

Credit line:

  • India announced a $4.5 billion concessional credit line for Bangladesh
  • Another $500 million was extended for buying military hardware
  • This is single largest credit line extended by India for any country

Connectivity:

  • A bus service that connects Kolkata with Dhaka via Khulna was announced
  • A passenger train from Khulna to Kolkata via Petrapole-Benapole integrated check post was announced

defence and Security cooperation:

  • Three defence sector pacts were signed which includes credit line for military procurement.
  • The credit line is flexible and liberal and it is not to be exclusively used to source equipments from Indian companies
  • Enhancing security cooperation to ensure peaceful borders and a policy that emphasizes on zero tolerance towards terrorism

Technology cooperation in Civil Nuclear Research:

  • An intergovernmental agreement was signed to enhance bilateral cooperation in the field of civil nuclear energy

Supply of fuel:

  • India has proposed to finance a diesel pipeline from Numaligarh to Parbatipur
  • A long-term agreement to supply high speed diesel by Indian companies to Bangladesh is also proposed

MoU on Education:

  • A bilateral education and a cultural exchange program was announced. A MoU between University of Dhaka and CSIR was signed.

Industry has charted an agenda for India-Bangladesh trade:

Agenda to boost trade and investment between neighbours. This includes:

  • A joint task force will be established to smoothen Tariff and Non-Tariff barriers
  • A joint task force to promote Indian investments in Bangladesh
  • Enhancing sub-regional cooperation among BBIN (Bhutan-Bangladesh-India and Nepal)
  • Cooperation in the Bay of Bengal, which includes exploration of hydrocarbons, marine resources, deep sea fishing and disaster management
Read 606 times Last modified on Monday, 10 April 2017 12:40

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