Prime Minister Narendra Modi and his Bangladesh counterpart Sheikh Hasina will next week jointly inaugurate two key connectivity projects that are expected to strengthen Hasina’s position ahead of parliamentary polls there.
ET has learnt that the two prime ministers will launch, via video conference, a cross-border oil pipeline and an India-financed railway line that will seek to ease travel to Bangladesh capital Dhaka.
The oil pipeline will supply 1 million metric tonnes of high speed diesel per annum to Bangladesh. The diesel is currently transported through a cross-border train from Numaligarh refinery in Assam. The railway line will connect Joydevpur and Tongi with Dhaka.
India has so far offered almost $800 billion line of credit to Bangladesh, the highest for any country, in the backdrop of growing bonhomie between Delhi and Dhaka since Hasina returned to power in 2008. Read More
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