India, Bangladesh sign 22 pacts and India announced a $4.5 billion credit line to Bangladesh for implementing projects and an additional $500 million for military supplies.
After a discussion with Bangladesh Prime Minister Sheikh Hasina, Narendra Modi signed 22 pacts with Bangladesh.
The contract was signed on a wide range of bilateral relations which includes various key sectors including Defence Corporation, energy, and infrastructure which are helpful to support the Bilateral Partnership between the two countries.
However the contentious and much-delayed Teesta water-sharing issue remained unresolved, but PM Narendra Modi assured to provide an early solution.
At a Press Conference PM Narendra Modi said: “I firmly believe that it is only my government and your excellency, Sheikh Hasina, your government that can and will find an early solution to Teesta water sharing.”
The statement came because, in 2011, the former Prime Minister Manmohan Singh visited Bangladesh to set the deal of Teesta issue but it was postponed due to the objection raised by the West Bengal Chief Minister Mamata Banerjee.
After having a lot of discussion with the Prime Minister Sheikh Hasina, Modi announced that a concessional credit of 4.5 billion USD for the implementation of the Projects in Bangladesh.
An additional amount of 500 million USD is credited to Bangladesh for the defence procurement.
In a statement to the media, Narendra Modi thanked PM Sheikh Hasina for honouring the Indian soldiers who laid down their lives in the Bangladeshi Liberation War.
In return, PM Hasina also expressed gratitude to the Indian Government for naming the road in New Delhi after her father and the country founder Sheikh Mujibur Rahman.
At a press conference, PM Hasina said: “I appreciate naming a road after Bangabandhu Sheikh Mujibur Rahman.”
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Hasina said that a “regional cooperation is significant for the development in South Asia and both the countries want to make the borders free from criminal activities and decided to take bilateral relations high.”
She also added that “PM Modi and I agree, greater connectivity is important for the region”.