As it happened: Modi announces $2-billion line of credit to Bangladesh

PM expresses confidence to reach a fair solution on Teesta water sharing “with support of State governments in India”.

June 06, 2015 09:55 am | Updated December 04, 2021 11:22 pm IST

> I am confident that with the support of State governments in India we can reach a fair solution on Teesta river water sharing: Modi.

> Modi announces line of credit worth $2 billion to Bangladesh

> Settling of boundary question with Bangladesh will make our border more secure, says Modi. “We stand at a moment of huge opportunity in our relationship with Bangladesh.”

> Prime Minister Narendra Modi said "I am deeply honoured to visit Bangladesh." "First Bangladesh visit a special moment for me," Mr. Modi added.

> Bangladesh PM Sheikh Hasina said "There will be zero tolerance for terrorism and extremism." She also said : Land boundary agremeent a historic moment." Ms. Hasina said "Bangladesh to open a Mission in Guwahati."

> Prime Minister Narendra Modi and his Bangladeshi counterpart Sheikh Hasina give joint statement in Dhaka.

> India, Bangladesh sign ratification pact to operationalise the historic >Land Boundary Agreement . >Read more...

> Prime Minister Narendra Modi, Bangladesh premier Sheikh Hasina and West Bengal Chief Minister Mamata Banerjee flag-off Kolkata-Dhaka- Agartala and Dhaka-Shillong-Guwahati bus services. >Read more...

> Prime Minister Narendra Modi met West Bengal Chief Minister Mamata Banerjee in Hotel Pan Pacific Sonargaon, Dhaka, prior to their meeting with Prime Minister of Bangladesh Sheikh Hasina.

> Anil Ambani-led Reliance Power signs an agreement to invest $3 billion in setting up a mega power plant and a floating LNG import terminal in Bangladesh. The company will set up a 2 million tonne a year floating LNG import terminal as well as a 3,000 megawatt power plant. >Read more...

> PM Modi to meet West Bengal Chief Minister Mamata Banerjee and interact for about 20 minutes. They will leave Bangladesh PM's office to flag off bus service.

> PM Modi vists the National Martyrs’ Memorial and pays tributes to the soldiers who died in the Bangladesh Liberation War of 1971. He also visited the Bangabandhu Memorial Museum dedicated to the founder of Bangladesh, Sheikh Mujibur Rahman. >Read more...

Prime Minister Narendra Modi at the Bangabandhu Memorial Museum on Saturday. Courtesy: PMO India

> Prime Minister Modi’s maiden visit to Bangladesh is expected to see at least two dozen significant agreements, protocols and Memorandum of Understandings (MoUs) signed between the countries. >More.. .

> PM Modi interacts with a student of KG I, Kaji Korpita Hossain, for few minutes in the airport.

> PM Modi tweets: "Thank you PM Sheikh Hasina for the warm welcome. I look forward to a very good visit that will strengthen ties between India & Bangladesh."

> Cutting across ideological lines, parties welcome Modi’s visit

Political parties of Bangladesh cutting across diverse ideological views have welcomed Prime Minister Narendra Modi. Jamat-e-Islami (JeH) Bangladesh, a party known for its anti-India views, has welcomed Mr. Modi’s visit. The Amir (chief) of JeH Bangladesh Maqbul Ahmed expressed hope that the “existing problems between the two countries” including settlement of border related issues, will be “resolved during the visit.” >More...

> Prime Minister Narendra Modi on Saturday arrived in Bangladesh for a two-day visit where he will hold talks with his Bangladesh counterpart Sheikh Hasina and ink several agreements.

> Bangladesh media described Prime Minister Narendra Modi’s maiden visit to the country as “historic” and “a visit of high hopes”. The leading dailies of Bangladesh are all agog about the two-day visit.

“Dhaka ready to welcome Modi, both sides upbeat major breakthroughs expected,” said the Daily Observer . “Modi arrives today on very meaningful visit,” said the Independent . >More..

> “Leaving for Bangladesh. This visit is going to strengthen the bond between our Nations, benefitting people of our countries and our region,” the Prime Minister had tweeted.

What's on the table

» An expected credit line of $2 billion and two private-sector power-purchase agreements.
» The Bangladeshi side has strongly pushed a detailed plan for a “soft loan” for the information technology (IT) sector.
» Bangladesh has proposed to supply 10 gigabyte per second of bandwidth to India, for which an agreement is expected between the public sector telecommunication companies of the two nations.
» Many bilateral agreements are planned, of which two on power exports are expected from the Adani and Reliance groups.
» Agreements on transit-transhipment and railway communication and one between the Bureaux of Standards of the two countries are expected.
» India is expected to provide financial packages for infrastructure development.
» The two sides may also sign a visa facilitation agreement.

> Our Correspondents Haroon Habib and Suvojit Bagchi add:

India may make commitments for a comprehensive “money flow” at multiple levels to Bangladesh during Prime Minister Narendra Modi’s weekend trip here. >More..

Euphoric reception awaits Modi, Mamata in Bangladesh

Bangladesh is all set to roll out a red carpet welcome to Prime Minister Narendra Modi, amid expectations on both sides to take bilateral ties to a new level and unleash the potential of economic and trade ties.

Ahead of Mr. Modi’s two-day visit, the capital city Dhaka wore a festive look with streets adorned with life-size cut-outs of Mr. Modi, West Bengal Chief Minister Mamata Banerjee and Bangladeshi Prime Minister Sheikh Hasina. >More..

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