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ET ANALYSIS: India's key contribution in Bangladesh's graduation from LDC status

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ET ANALYSIS: India's key contribution in Bangladesh's graduation from LDC status

https://economictimes.indiatimes.co...tion-from-ldc-status/articleshow/64675599.cms

indias-key-contribution-in-bangladeshs-graduation-from-ldc-status.jpg

In this file picture from May 2018, Prime Minister Narendra Modi with Bangladesh Prime Minister Sheikh Hasina at Visva-Bharati University's convoca ..

NEW DELHI: Bangladesh this week formally shed the tag of Least Developed Country (LDC) after it clocked consistent growth rate of over 6 per cent for over a decade. It is a matter of celebration for India as it not only opens an economic opportunity for Delhi but over the past decade India has played a key role in Bangladesh's graduation from LDC category to Developing Country status through investments, Line of Credit at concessional rates, grants, market access for Bangladeshi products and easier visa regime.

Bangladesh is the biggest recipient of India's Line of Credit amounting to almost eight billion USD besides a healthy amount of grant which have contributed to country's infrastructure, power and railway sectors. Bilateral trade is growing and Bangladesh desires to take advantage of India's growth story and market including markets in Northeast India and West Bengal. Indian private sector has also committed to invest over 13 bn usd in Bangladesh particularly in the power sector.

Today Bangladesh is one of the fastest growing economies in the world with a record 7.28% GDP growth, second largest garments exporter, third largest outsourcing country, fourth largest rice producer, fifth largest fresh water fish producer, fifth largest supplier of legal migrants in the world, eighth largest remittance earning country, and tenth largest food grain producing country. The Hasina government’s “Digital Bangladesh” program has extended internet access and government services to the far reaches of the country

Economically and commercially, the two countries are becoming increasingly interlinked and interdependent. India is fast emerging as a global power and Bangladesh aims to take full advantage of the high growth of the Indian economy to hasten pace of its own economic development. Simultaneously, a strong and stable Bangladesh provides the best security guarantee for India. Among all its neighbours, India has the longest land boundary with Bangladesh, with over 4,000 km border along three sides of the country besides maritime boundary.


As much as 600 MW of power is flowing through the two existing inter-connections between India and Bangladesh. Additional power connections could enable Bangladesh to draw another 1,000 MW of power. Bangladesh will also receive 340 MW from various India. Besides, ONGC has been awarded gas exploration in two blocks of the Bay of Bengal and fresh MoUs have been concluded for the supply of renewable energy and nuclear cooperation.

Bangladesh has expressed its desire to take part in hydro-power projects in the North-Eastern States as well as in Bhutan and Nepal which will also include cooperation under BBIN format. Cooperation in other sectors of power/energy is also shaping, especially in the fields of supply of high-speed diesel, natural gas, LNG, LPG and trans-boundary pipelines. Petrobangla and Petronet have signed a MoU for the setting up of a joint venture re-gasification LNG Terminal.

In the sphere of connectivity, Bangladesh figures prominently in Indias Act East policy including BIMSTEC. Delhi and Dhaka are also working to restore road, rail and coastal shipping links that existed before 1947. This would throw up huge potential for cross-border trade contributing towards Dhakas goal towards achieving middle income country status.

Bangladesh would now require substantial foreign investment to broaden its export base and pace of economic growth of the neighbouring country should encourage Indian investors to explore opportunities amid protectionist measures elsewhere.
 
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ET ANALYSIS: India's key contribution in Bangladesh's graduation from LDC status
By
Dipanjan Roy Chaudhury
, ET Bureau|
Jun 21, 2018, 08.55 AM IST

https://economictimes.indiatimes.co...tion-from-ldc-status/articleshow/64675599.cms

NEW DELHI: Bangladesh this week formally shed the tag of Least Developed Country (LDC) after it clocked consistent growth rate of over 6 per cent for over a decade. It is a matter of celebration for India as it not only opens an economic opportunity for Delhi but over the past decade India has played a key role in Bangladesh's graduation from LDC category to Developing Country status through investments, Line of Credit at concessional rates, grants, market access for Bangladeshi products and easier visa regime.

Bangladesh is the biggest recipient of India's Line of Credit amounting to almost eight billion USD besides a healthy amount of grant which have contributed to country's infrastructure, power and railway sectors. Bilateral trade is growing and Bangladesh desires to take advantage of India's growth story and market including markets in Northeast India and West Bengal. Indian private sector has also committed to invest over 13 bn usd in Bangladesh
particularly in the power sector.

Today Bangladesh is one of the fastest growing economies in the world with a record 7.28% GDP growth, second largest garments exporter, third largest outsourcing country, fourth largest rice producer, fifth largest fresh water fish producer, fifth largest supplier of legal migrants in the world, eighth largest remittance earning country, and tenth largest food grain producing country. The Hasina government’s “Digital Bangladesh” program has extended
internet access and government services to the far reaches of the country.

Economically and commercially, the two countries are becoming increasingly interlinked and interdependent. India is fast emerging as a global power and Bangladesh aims to take full advantage of the high growth of the Indian economy to hasten pace of its own economic development. Simultaneously, a strong and stable Bangladesh provides the best security guarantee for India. Among all its neighbours, India has the longest land boundary with Bangladesh, with over 4,000 km border along three sides of the country besides maritime boundary.

As much as 600 MW of power is flowing through the two existing inter-connections between India and Bangladesh. Additional power connections could enable Bangladesh to draw another 1,000 MW of power. Bangladesh will also receive 340 MW from various India. Besides,
ONGC has been awarded gas exploration in two blocks of the Bay of Bengal and fresh MoUs have been concluded for the supply of renewable energy and nuclear cooperation.

Bangladesh has expressed its desire to take part in hydro-power projects in the North-Eastern States as well as in Bhutan and Nepal which will also include cooperation under BBIN format. Cooperation in other sectors of power/energy is also shaping, especially in the fields of supply of high-speed diesel, natural gas, LNG, LPG and trans-boundary pipelines. Petrobangla and Petronet have signed a MoU for the setting up of a joint venture re-gasification LNG Terminal.

In the sphere of connectivity, Bangladesh figures prominently in Indias Act East policy including BIMSTEC. Delhi and Dhaka are also working to restore road, rail and coastal shipping links that existed before 1947. This would throw up huge potential for cross-border trade contributing towards Dhakas goal towards achieving middle income country status.

Bangladesh would now require substantial foreign investment to broaden its export base and pace of economic growth of the neighbouring country should encourage Indian investors to explore opportunities amid protectionist measures elsewhere.
 
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Shupa Powa India's line of credit of $500 million pulled Bangladesh to Developing country. I think they bought a bunch of buses and train cars with that money.

Bangladesh pays for all the electricity exported from India.
 
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As much as 600 MW of power is flowing through the two existing inter-connections between India and Bangladesh. Additional power connections could enable Bangladesh to draw another 1,000 MW of power. Bangladesh will also receive 340 MW from various India. Besides, ONGC has been awarded gas exploration in two blocks of the Bay of Bengal and fresh MoUs have been concluded for the supply of renewable energy and nuclear cooperation.
Is it Bangladesh or is it India itself that is getting the benefits of BD development efforts? I think, by purchasing power plus this and that, is it not BD that is pulling India out of poverty?
 
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Is it Bangladesh or is it India itself that is getting the benefits of BD development efforts? I think, by purchasing power plus this and that, is it not BD that is pulling India out of poverty?
My thoughts exactly! But, we should let indians enjoy this sensational article. Else they will start spamming this thread...:enjoy:
 
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My thoughts exactly! But, we should let indians enjoy this sensational article. Else they will start spamming this thread...:enjoy:
Nonetheless, I must say BD is an ordering country and India its subservient supplier country. But, why a populous country India can supply a small BD? Is it not true that Indians work less, get less payment, and consume less. As a result, it is in a position to supply BD, where people work hard, produce more and consume more. The different tendencies show that India will remain a subordinate country to a small BD. India is just a backward linkage to the expanding BD exports.
 
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Nonetheless, I must say BD is an ordering country and India its subservient supplier country. But, why a populous country India can supply a small BD? Is it not true that Indians work less, get less payment, and consume less. As a result, it is in a position to supply BD, where people work hard, produce more and consume more. The different tendencies show that India will remain a subordinate country to a small BD. India is just a backward linkage to the expanding BD exports.


I have nothing in relation here...but Mate... I it's hilarious how you conclude....are you serious or trolling?
 
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Nonetheless, I must say BD is an ordering country and India its subservient supplier country. But, why a populous country India can supply a small BD? Is it not true that Indians work less, get less payment, and consume less. As a result, it is in a position to supply BD, where people work hard, produce more and consume more. The different tendencies show that India will remain a subordinate country to a small BD. India is just a backward linkage to the expanding BD exports.
This comment will trigger alot of chain reactions...:P
 
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Is it Bangladesh or is it India itself that is getting the benefits of BD development efforts? I think, by purchasing power plus this and that, is it not BD that is pulling India out of poverty?
Are you grounding the electricity we share for fun or using it up and generating revenue? As for India getting benefits, well it's not a significant part of our exports.
India’s contribution precisely zero.
As much as we like to. But why the hell are you not East Pakistan?
Nonetheless, I must say BD is an ordering country and India its subservient supplier country. But, why a populous country India can supply a small BD? Is it not true that Indians work less, get less payment, and consume less. As a result, it is in a position to supply BD, where people work hard, produce more and consume more. The different tendencies show that India will remain a subordinate country to a small BD. India is just a backward linkage to the expanding BD exports.
:enjoy:
 
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Anyway, BD is not fond of getting contributions from India. BD is paying money in dollars for the electricity that India sells to it. Other sellable goods are also being duly paid by BD. I can remember a report when India wanted its Banya brokers to buy power from Nepal and sell the same to BD with the inclusion of a brokerage fee. On the other hand, BD wanted to pay a land transportation fee to India.

India wants to control BD with various mischievous methods. Whatever India does it is for its own interest. !971 war was also the same. So, this news about Indian help is making BD progress is just another blatant lie.
 
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Actual disbursement of Indian pledged investments or loans in Bangladesh is not more than few million dollars, in other words peanuts. While India's numerous tariff and non-tariff barriers make sure that Indian products are well protected by barring the entry of Bangladeshi products in Indian market.

It's rather the way round. Bangladesh is helping India to develop its poor Northeast by providing security against the separatists, investments, easy access to Bangladeshi market for Indian products and obviously, the crucial transit.
 
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Is it Bangladesh or is it India itself that is getting the benefits of BD development efforts? I think, by purchasing power plus this and that, is it not BD that is pulling India out of poverty?

Seriously are your twisted or what?
power generation is not a labour intensive process which provides jobs to thousands of ppl. If power is not exported it will be given for local consumption at a lesser price or even worse let it go wasted and most of the power generated is hydroelectric not even fossil fuel.

When a power deficient country receives that power it can run its own factories and create more jobs or in simple have more economic activity. You can obviously argue that power is not free ...etc but without that extra power your economic activity suffers.

First stop thinking in a twisted rubbish manner. There is no charity here neither should be any stupidity. If you are hell bent seeing things with ulterior motives there is no end to it.

Actual disbursement of Indian pledged investments or loans in Bangladesh is not more than few million dollars, in other words peanuts. While India's numerous tariff and non-tariff barriers make sure that Indian products are well protected by barring the entry of Bangladeshi products in Indian market.

It's rather the way round. Bangladesh is helping India to develop its poor Northeast by providing security against the separatists, investments, easy access to Bangladeshi market for Indian products and obviously, the crucial transit.
do you really understand what trade means or you are ardent admirer of trumps trade policies?

security ? why dont you accept the truth the bangladesh was earlier a sponsor of terrorist organizations like ULFA. Proximity to bangladesh will help NE but that does not mean bangladesh is exporting nuclear reactors to India and they are solely dependent on it.

Even before bangladesh provided access to NE they still had/have access to better services/goods albeit with extra time for transportation & a bit higher price. Trade is good for both countries dont think you are doing us a favor.

It seems just like your cricket team , you ppl have severe arrogant & demeaning attitude.
 
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