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$5 billion credit for Bangladesh for 22 pacts: 10 developments

 2017-04-08 12:12:06.0

$5 billion credit for Bangladesh for 22 pacts:  10 developments

New Delhi: India has given a $5 billion credit for Bangladesh today. The two countries signed 22 pacts after a meeting between Prime Minister Narendra Modi and his Bangladeshi counterpart Sheikh Hasina.

The main takeaways of the meeting

1. India has offered a concessional credit line of $4.5 billion for the fulfillment of priority sectors in Bangladesh, and another $500 million for buying military equipment. It's the single-highest credit ever by India, for another country. In the past six years, India has credited a total of $8 billion to Bangladesh.

2. Also, three defense sector pacts were signed in the form of an umbrella framework agreement on various aspects of defense cooperation; a deal between the Defense Staff College at Wellington, Tamil Nadu, and the Defense Services Command and Staff College at a Manipur, Dhaka, for enhancing cooperation in the field of strategic and operational studies; and an official understanding between the National Defense College in Dhaka and the National Defense College in New Delhi to enhance cooperation in the fields of national security, development and strategic studies.

3. Three other deals were also made keeping in mind the various aspects of Bangladeh's civil nuclear energy programme, from setting up nuclear power units to addressing issues released to nuclear safety.

4. An agreement to boost cyber-security cooperation.

5. A bus service for traveling between Kolkata, Khulna and Dhaka.

6. Passenger train service from Khulna to Kolkata through Petrapole in India and Benapole in Bangladesh.

7. A goods train running from Radhika to Birol.

8. India will finance a diesel pipeline from Numaligarh to Parbatipur. Indian companies will be in a long-term agreement with Bangladesh for supplying high-speed diesel.

9. A pact for passenger and cruise services on the coastal and protocol route between the two sides.

10. The Tessta waster-sharing agreement has not been signed.


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