What's new

India to offer $5 billion line of credit to Bangladesh, highest for any country so far

ashok321

ELITE MEMBER
Joined
Nov 1, 2010
Messages
17,942
Reaction score
4
Country
Canada
Location
Malaysia
untitled-32.jpg



NEW DELHI: India hopes to fund 17 projects in Bangladesh through a proposed $5-billion line of credit, the highest offered by it to any country so far, which is likely to be finalised when Prime Minister Sheikh Hasina arrives later this week on her maiden state visit to India since the Narendra Modi government took office.
 
Just 3 days ago, India borrowed 2 billion from (newly formed) BRICS bank.

ROFOL
 
Just 3 days ago, India borrowed 2 billion from (newly formed) BRICS bank.

ROFOL
Not only 2 Billion but India is os in debt in order of 100s of Billions. India is also be a creditor of 10s of Billions. So is the situation in almost every country.

It might be difficult for your teeny tiny brain to comprehend debt credit structure is not as linear as you would want it to be. First of all India is not single identity but multiple, centre, states, PSUs and private sector.

Now the 2 Billiom loan was for river linking projects. Projects that have been proven financially viable. So capital is relatively easily arranged and multilateral banks provide the best interest for infra . This saves domestic capital for other needs that might not have economic returns say subsidies and restructuring or infra that does not yield return for long periods like metro etc.

So it was not like that India could not finance its own river linking project. But why waste domestic capital when you have foreign capital willing to do it cheaper.

This was the most superficial explanation i could give to explain. But then again i dont expect your blind hate for your country to dim soon. Get well soon brother.
 
untitled-32.jpg



NEW DELHI: India hopes to fund 17 projects in Bangladesh through a proposed $5-billion line of credit, the highest offered by it to any country so far, which is likely to be finalised when Prime Minister Sheikh Hasina arrives later this week on her maiden state visit to India since the Narendra Modi government took office.
also 500 million USD for Defence loan at 1% interest rate, payment period time 20 years
 
http://blogs.timesofindia.indiatimes.com/toi-edit-page/as-sheikh-hasina-gears-up-to-visit-india-heres-whats-on-the-table-between-india-and-bangladesh/

As Sheikh Hasina gears up to visit India, here’s what’s on the table between India and Bangladesh

April 4, 2017, 2:00 am IST Syed Munir Khasru in TOI Edit Page | Edit Page, India, World | TOI
With Bangladesh Prime Minister Sheikh Hasina visiting India from April 7, 17 agreements and bilateral MoUs have been finalised. Almost two years into Prime Minister Narendra Modi’s historic visit to Dhaka, it is time to reflect on the progress made and issues yet to be resolved.

In the last five years, trade between the two countries has grown by more than 17% with two way trade at $6.8 billion in the fiscal year 2015-16. The trade is heavily in favour of India and Bangladesh imported goods worth $5.45 billion and exported $690 million. Concerted efforts are needed to narrow the gap.

For facilitation of trade and investment Bangladesh has dedicated two SEZs in its northwest, bordering India. Trade ties are troubled by poor road and rail connectivity. The four operational ‘border haats’ along the India-Bangladesh border have been successful, with trade worth $2,60,000 having taken place. However, there have been delays in the operationalisation of four more ‘border haats’ in Meghalaya, agreed upon during Modi’s visit.

Launch of trans-shipment operations combining riverine and land routes last year have enabled India to deliver goods through Bangladesh to Nepal and Bhutan in a third of previous time and reduced transport cost by almost half. After turning power surplus last year, India has been working with Bangladesh to double the capacity of existing transmission interconnects. There are plans to set up a third link for increasing cross-border electricity trade for widening the regional market as new generation capacities come up.

Currently, India provides Bangladesh with 2,600 MW of power. The new line is expected to wheel power from hydel projects proposed to be built in the northeast which can be shared with Bangladesh as well. India’s ONGC and Bangladesh Petroleum Corporation are in negotiation to build a 6,900 km long gas pipeline linking Bangladesh, Myanmar and northeastern states. There are ongoing talks of expanding energy cooperation to BBIN (Bangladesh, Bhutan, India and Nepal) framework.

Cattle smuggling across the border has decreased, with seizure of cattle by BSF decreasing from 1.5 lakh in 2015 to 1.2 lakh in 2016 in south Bengal frontier, known as the cattle corridor of India. However, border killings of Bangladeshi civilians by BSF have not ceased, with four killed in February alone. Since 2015, a total of 77 people have been killed and 108 injured by BSF. Cattle, even if smuggled, can’t be worse than drugs, and fatal shooting of offenders is not justifiable when there are options for imprisonment, fines and confiscation.

Bangladesh has extended full cooperation to India for fighting insurgent groups along the border. During 2009-14 Bangladesh arrested at least 17 top leaders of various insurgent groups, with the surrender of eight more suspects. Some of the insurgents were also sent back to India.

Bangladesh and India are set to sign a five-year MoU for bilateral defence cooperation for joint initiatives in defence technology, research and maritime infrastructure development. Also on the cards is a $500 million line of credit by India to Bangladesh for purchase of military equipment. Some have questioned whether this deal is a response to the recent purchase of two submarines by Bangladesh from China. Given that India has a defence budget of around $50 billion and shops around the world, Bangladesh with a meagre defence budget of around $2.8 billion, with reliance mostly on Chinese built military hardware, should not be a concern for India.

While defence cooperation may be one of the major outcomes of the visit, bigger issues from the Bangladeshi point of view, such as the Teesta water treaty, are still at bay. Despite Modi’s pledge and assurances by mercurial Bengal CM Mamata Banerjee of a Teesta deal the water-sharing agreement is being stalled.

This is the last official visit to India by Hasina before Bangladesh elections, therefore stakes are high for both sides. After all the positive steps Hasina has taken for improving Indo-Bangla ties, if the Teesta issue continues to be unresolved, it will hurt her credibility with her own people.

DISCLAIMER : Views expressed above are the author's own.

http://www.dhakatribune.com/banglad...deal-india-will-harm-bangladeshs-sovereignty/

Amir Khasru: Defence deal with India will harm Bangladesh’s sovereignty

Despite BNP's silence on the topic, one of its leaders, Amir Khasru, has spoken out against the signing of the proposed defence deal with India
BNP Standing Committee member Amir Khasru Mahmud Chowdhury said that a defense deal with India was unnecessary at present.

According to the BNP leader the proposed deal, which will likely be signed during Prime Minister Sheikh Hasina’s impending Delhi visit, will threaten the sovereignty of Bangladesh.

Speaking at a discussion meeting in Dhaka organized by the Bangladesh Labour Party regarding the impact of such a deal on sovereignty and national security, he said: “Bangladesh and India have many pending bilateral issues, including the Teesta water sharing treaty. Why are they rushing the defence deal without prioritizing other long-standing issues?”

Khasru questioned Dhaka and Delhi’s motive for signing a defence deal or a memorandum of understanding during Sheikh Hasina’s visit to India from April 7 to 10.

“Civil society, the opposition party; no one knows anything about this proposed deal. There was no proper discussion in parliament about this. So why does Bangladesh need this deal so desperately?” he asked.

He further added that though people in the country often stayed silent regarding the government’s many errors of judgment, the defence deal would incite them to speak up in protest.

In agreement with his views, the Bangladesh Labour Party announced that they would stage a demonstration in protest of the proposed defence deal on April 9.

BNP, however, has yet to release an official statement on this topic.
 
We don't need any Indian credit we have many alternative. Before solving river water sharing no credit will improve trust of India in Bangladesh. After the 2008 sidor devastated our southern area India offered to build a village which they didn't or build many years later so this time too it won't be surprising if they offer the credit but failed to deliver in time.
 
India to Sri Lanka: Why do you impound Indian fishing boats and imprison our fisher folks, even Bangladesh does not do that?

Sri Lanka to India: Give us 5 billions too, we will not touch any of your trawlers.

Lol
 
Rest of the news

The bulk of the funds are expected to be used for connectivity projects - railway projects, road construction and maintenance - as India eyes transit to the northeast and Southeast Asia via Bangladesh.

Officials said that besides railway connectivity links, ferry services connecting Assam, Bangladesh and West Bengal, and running cruise liners between the two countries, along with several road projects, could be part of 40 pacts and memorandums of understanding that are likely to be signed during Hasina's visit.

The connectivity initiatives will also enable Bangladesh to have smooth transport links with other parts of South and Southeast Asia including Nepal and Bhutan, official said.

============
India is giving credit to Indian transport companies to build infrastructure in BD so that our (BD/Ind) goods/people move freely across South and East Asia.

It is win-win for all.Only lunatics oppose this credit. :-)
 
1. any political conditions come with the loan?
2. any conditions how to use the loan, such as have to buy India's goods?
3. what happen to the loan/credit line suppose go to Mongolia?
 
Right winger Hindus are furious from within.
Why is Modi giving a Muslim nation 5 billion but not to a Hindu nation Nepal?
10% less Hindu votes for Modi 2019
 

Latest posts

Country Latest Posts

Back
Top Bottom