The idea behind this project is to promote stronger ties between the two countries. “This is to improve people-to-people contact and boost bilateral trade,” he told HT.
Bangladesh railway minister Mujibal Haque said an initiative has been taken to reconnect railway lines with India in 12 places, which were snapped after partition of the country in 1947.
Bangladesh on Sunday signed a long-term sales and purchase agreement with an Indian refiner to import gasoil to meet the country’s energy demand, officials said.
Bangladesh is set to build the country’s third 500MW back-to-back high-voltage direct-current (HVDC) sub-station in Comilla to import electricity from India.
To expand its business in Bangladesh, Indian Oil Corp (IOC) is looking to utilise global energy giant Total’s liquefied petroleum gas (LPG) terminal in Chittagong to supply cooking gas to the north-eastern part of India.
Reliance Power is eyeing the financial closure of USD 1 billon for its LNG-fired plant in Bangladesh by the end of 2017-18, reported a leading business daily.
India is very keen to explore the shared future in energy network along with three key neighbouring countries, Bangladesh, Myanmar and Nepal.
India is collaborating with Russia on its first ever abroad atomic venture. The mission is to build the Rooppur nuclear power plant in Bangladesh.
Foreign ships have begun turning to Sri Lanka and Bangladesh for refueling, prompting the petroleum ministry to seek an exemption from integrated goods and services tax (IGST) on bunker fuel.
The Asian Development Bank (ADB) will offer the Government of Bangladesh a loan of USD 200 million to strengthen urban infrastructure, service delivery and governance in municipalities.