Search Result for : India And Bangladesh

The Dollar Business Bureau  A MoU (Memorandum of Understanding) that was signed between India and Bangladesh during a recent diplomatic visit made by Bangladeshi PM Sheikh Hasina enabled India to extend a $4.5 billion Line of Credit (LoC) to its eastern neighbour.  This MoU, on Wednesday, received a final nod from the Union Cabinet chaired by Narendra Modi. The Cabinet’s ex-post facto approval has officially sealed India’s financial participation in the infrastructural development of Bangladesh, which will also enable India’s connectivity with its North Eastern neighbours.  The projects to be financed by this LoC will also create new business opportunities for Indian companies in Bangladesh. The MoU has listed out projects which will be undertaken under this agreement.  Providing for the strengthening of its ...

The Dollar Business Bureau India and Bangladesh entered into an agreement to initiate the cross-border trade in High-Yielding Varieties (HYV) of rice seeds. A Memorandum of Understanding to this effect was signed between the Seed associations of the two countries, in New Delhi. While a protocol on the HYV of rice seeds has been signed already between the two countries, also involving Nepal, the latest MoU creates a way for formalization of the same between India and Bangladesh. Although there is no formal trade involving the HYV rice seeds currently between the two countries, there exists higher movement of the same (low-value and high-volume trade) through the informal channels, which may possibly create concerns over food security in the two regions, ...