Tuesday | 8 October 2024 | Reg No- 06
Bangladesh and
India's private sectors on Monday exchanged 13 agreements and Memorandums of
Understanding (MoUs) worth nearly US$ 10 billion in the power, energy,
logistics, education and medical sectors during a business event.
A 237-member business delegation from Bangladesh, led by President of the
Federation of Bangladesh Chambers of Commerce Industry (FBCCI) Abdul Matlub
Ahmad, interacted with nearly 150 members from the Indian business community at
the forum.
As part of the visit of Prime Minister Sheikh Hasina to India from April 7-10,
the Indian External Affairs Ministry in association with the Confederation of
Indian Industry (CII), Federation of the Indian Chambers of Commerce &
Industry (FICCI) and Associated Chambers of Commerce of India (ASSOCHAM)
organised the India-Bangladesh Business Forum here at Hotel Taj Palace.
The Forum also included a session on 'Synergies in India-Bangladesh Economic
Relations' which included presentations by State Minister of Foreign Affairs of
Bangladesh, Chairman of the Bangladesh Investment Development Authority and
sharing of experience by senior representatives of the Indian industry
operating in Bangladesh.
Sheikh Hasina was the chief guest at the Forum which was also attended by
Minister of State for Petroleum and Natural Gas of India, Dharmendra
Pradhan.
The Prime Minister spoke about the achievements of Bangladesh in the last few
years in the socioeconomic sphere and invited Indian businessmen to take full
advantage of Bangladesh's steady economic growth, high demographic dividend,
competitive business cost and large consumer base.
She also invited Indian companies to invest in the special economic zones in
Mongla, Bheramara and Mirsarai which have been exclusively dedicated for Indian
investors.
Dharmendra Pradhan highlighted the growing engagement between India and
Bangladesh in different sectors, including power and energy, and also
underlined the economic potential of the sub-region, including India's eastern
and northeastern states, and Bangladesh.
Agreements and MoUs exchanged at the Business Event are Facility Agreement
between Bangladesh India Friendship Power Company Limited (BIFPCL) and EXIM
Bank of India for debt financing construction of 1320 MW Maitree Power Project
in Rampal, Bangladesh; Implementation Agreement and Power Purchase Agreement
between Reliance Power and Ministry of Power, Energy and Mineral Resources for
the first phase (718 MW) of the 3000 MW power project at Meghnaghat;
Supplementary Agreement between NTPC Vidyut Vyapar Nigam Limited (NVVN) and
Bangladesh Power Development Board for supply of additional 60 MW of power from
Tripura to Bangladesh; MoU between NTPC Vidyut Vyapar Nigam Limited (NVVN) and
Bangladesh Power Development Board for supply of power from Nepal;
Implementation Agreement between Adani Power (Jharkhand) Limited and Bangladesh
Power Development Board; and Power Purchase Agreement between Adani Power
(Jharkhand) Limited and Power Grid Company of Bangladesh Limited for supply of
power from 1600 MW Power Plant in Jharkhand.
They also include Heads of Understanding on LNG Terminal Use between Petronet
LNG Limited, India and Bangladesh Oil, Gas and Mineral Corporation,
(Petrobangla); MoU between Reliance Power and Petrobangla for setting up 500
mmscfd LNG terminal at Kutubdia Island; MoU between India Oil Corporation
Limited (IOCL) and Petrobangla for LNG Cooperation; Agreement between
Numaligarh Refinery Limited (NRL) and Bangladesh Petroleum Corporation (BPC)
for sale and purchase of Gasoil; MoU between Container Company of Bangladesh
Limited and Container Corporation of India Limited to Promote and Expand
Cooperation between India and Bangladesh in the field of container
transportation; MoU between Tamil Nadu Veterinary Sciences University, Chennai,
India and Chittagong Veterinary and Animal Sciences University, Chittagong,
Bangladesh; MoUbetween Viswabharati, Santiniketan, India and Northern
University of Business and Technology, Khulna, Bangladesh; and MoU between Tata
Medical Centre, India and Directorate General Medical Service, Bangladesh Armed
Forces.
