Indo bangla trade relationship

Experts: Removing trade barriers key to improve Indo-Bangla relations | Dhaka Tribune

indo bangla trade relationship

The economic prosperity of Bangladesh and India could be Tripura, was titled “ Discussion on Strengthening Indo-Bangladesh Relationship. The paper looks at the various aspects of Indo-Bangladesh trade relations, including One dominating aspect of Indo-Bangladesh bilateral economic. Bangladesh-India relations were at their highest level during the period of . Trade deficit is a long outstanding challenge for India and Bangladesh to fix it.

India-Bangladesh trade to scale new high - The Hindu BusinessLine

Restoration of this line will provide direct rail connectivity to Karimganj district of Assam and other north eastern states. On September 18, the premiers of the two neighboring countries once again jointly inaugurated the construction of km Bangladesh-India Friendship Pipeline between Siliguri in West Bengal and Parbatipur in Dinajpur and the third and fourth dual gauge rail line between Dhaka and Tongi and Tongi and Joydevpur sections of Bangladesh Railway.

Of the friendship pipeline, km belong to Bangladesh and 5 km to India.

indo bangla trade relationship

Some 10, 00, tons of fuel can be supplied a year through the pipeline. The oil pipeline will supplytonnes of diesel to Bangladesh in the first year andtonnes annually in the following years.

ET Analysis: Indo-Bangla relations enjoy golden period

Indian Assistant High Commission office has been recently opened in Sylhet. This new office will facilitate faster development of visa to the people of Sylhet and adjoining areas and open new opportunities for promotion of trade, commerceand tourism between Sylhet and north east India and people-to-people contact. A number of welfare measures and schemes have been introduced to commemorate the spirit of Liberation War of and honour the invaluable contribution of Muktijoddhas towards building a better future for Bangladesh.

The Indian government has taken some notable initiatives like five-year multiple entry visa for all Muktijoddhas, free of cost treatment of all Muktijoddha patients in Indian Armed Forces hospitals and Nutan Muktijoddha Sanatan scholarship scheme.

Muktijoddha scholarship scheme was launched by the Indian government in and Nutan scheme has been announced by the Indian Prime Minister in Once both these schemes are combined the Indian government will incur an expenditure of Tk 56 crore on this ground.

indo bangla trade relationship

The scholarships are awarded by the Indian government to students who are descendants of Muktijoddhas studying in Higher Secondary and Undergraduate categories to assist their educational needs. India also granted hour access to Bangladeshi citizens in the Tin Bigha Corridor. The agreement included exchange of adversely held enclaves, involving 51, people spread over Indian enclaves in Bangladesh and 51 Bangladesh enclaves in India.

The total land involved is reportedly acres. Bangladesh officials believe the export would greatly ease the national shortage once MW flows into the national grid. The two country's Prime Ministers also unveiled the plaque of the 1,MW coal-fired Rampal power plant, a joint venture between the two countries.

The ceremony which includes parades, march-past and lowering of the national flag of both the countries is now a daily routine, at sundown, on the eastern border.

On 7 May the Indian Parliament, in the presence of Bangladeshi diplomats, unanimously passed the Land Boundary Agreement LBA as its th Constitutional amendment, thereby resolving all year old border disputes since the end of the British Raj. The bill was pending ratification since the Mujib-Indira accords.

indo bangla trade relationship

In Juneduring her first official overseas visit, Foreign Minister of India, Sushma Swaraj concluded various agreements to boost ties. Easing of Visa regime to provide 5 year multiple entry visas to minors below 13 and elderly above Proposal of a special economic zone in Bangladesh.

Agreement to send back a fugitive accused of murder in India. Provide an additional MW power from Tripura. Bangladesh allowed India to ferry food and grains to the landlocked Northeast India's using its territory and infrastructure. Ending a prolonged dispute, the two nations swapped enclaves on the border region, allowing the people living there to stay or opt out to the other country.

indo bangla trade relationship

While 14, citizens of Bangladesh residing in 51 enclaves on the Indian side became Indians, a large number of people in the Indian enclaves in Bangladesh preferred to stay with Bangladesh and just opted to move to India. The total number of new Indian citizens will be 15, In Septemberthe Bangladesh cabinet approved the draft of a proposed agreement with India to allow it to use the Chittagong and Mongla sea ports for transporting goods to and from its land-locked northeastern states.

India-Bangladesh trade to scale new high

Under the agreements, the militaries of the two countries will conduct joint exercises and training. India will help Bangladesh set up manufacturing and service centres for defence platforms that both countries possess with the aim of achieving self-sufficiency in defence manufacturing in Bangladesh, and will also provide the Bangladesh military with expert training, and technical and logistic support. Under the Electricity Actthe Indian companies could pool power in an exchange. A consumer would be free to buy it from anyone.

Economic trends in Indo-Bangla relations | Dhaka Tribune

This concept of power pool within India can also be enlarged to cover the neighbouring countries like Bangladesh, Bhutan and Nepal after the establishment of a sub-regional power pool and necessary inter-connections among these countries are put in place. This can ultimately form a regional power pool thereby generating a huge opportunity for power trading in the region. Bangladesh hopes to have access to Nepal and Bhutan's power through India.

indo bangla trade relationship

It has agreed to allow India to transfer hydroelectricity from Assam to Bihar through its territory. The proposed meeting would attempt to remove irritants in project-related areas.

Bangladeshi critics accused the deal for setting a high price for the import of electricity, especially from Tripura.