Bangladesh to sign deals with India for $5 billion loan, electricity | Reuters

DHAKA Bangladesh will sign up to 35 agreements and memoranda of understanding during Prime Minister Sheikh Hasina’s state visit to India, Foreign Minister Abul Hasan Mahmood Ali said on Tuesday.The prime minister is due to leave for a four-day visit on Friday.

A senior energy official said Bangladesh would sign a number of agreements to import electricity. At present Bangladesh produces up to 8,500 MW of electricity and demand rises more than eight percent annually.

“The deals include among others expansion of bilateral trade and investments, cooperation in energy sector, availing credit, distribution and management of water of common river, safer guard of border, ensuring security, prevention of illegal trade of drugs and human trafficking,” the foreign minister told a news conference.

India is expected to announce a fresh credit worth about $5 billion for infrastructure development, like railways, roads and waterways, one official said.“That will be a concessionary credit, as a symbol of excellent relations between the two countries,” he said.  (Reporting By Serajul Quadir; Editing by Stephen Powell)

This story has not been edited by Firstpost staff and is generated by auto-feed.

Updated Date: Apr 04, 2017 20:33 PM

Also Watch

Social Media Star: Abhishek Bachchan, Varun Grover reveal how they handle selfies, trolls and broccoli
  • Monday, July 16, 2018 It's a Wrap: Soorma star Diljit Dosanjh and Hockey legend Sandeep Singh in conversation with Parul Sharma
  • Monday, July 16, 2018 Watch: Dalit man in Uttar Pradesh defies decades of prejudice by taking out baraat in Thakur-dominated Nizampur village
  • Monday, July 16, 2018 India's water crisis: After govt apathy, Odisha farmer carves out 3-km canal from hills to tackle scarcity in village
  • Sunday, July 15, 2018 Maurizio Sarri, named as new Chelsea manager, is owner Roman Abramovich's latest gamble in quest for 'perfect football'

Also See