Cabinet clears MoU on $4.5 bn line of credit to Bangladesh


Cabinet clears MoU on $4.5 bn line of credit to Bangladesh

The union cabinet chaired by Prime Minister Narendra Modi on Wednesday gave ex-post facto approval to the memorandum of understanding (MoU) on a third line of credit of $4.5 billion to Bangladesh for implementation of development projects.

The MoU, signed during the visit of the Prime Minister of Bangladesh to India in April, provides for deepening the strategic partnership, development of infrastructure in Bangladesh, improving connectivity between India and Bangladesh, thus enhancing accessibility to our North Eastern Region, as well as creating new business opportunities for Indian companies in Bangladesh. Read More…

 

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