Bangladesh, India sign 129.5 km oil pipeline deal

IANS  |  Dhaka 

and signed an agreement here on Monday on their proposed 129.5 pipeline aimed at pumping Indian to with a capacity of 1 million tonnes per annum.

The deal was part of the six memorandum of understandings (MoUs) which and signed during a meeting between their Foreign Secretaries at State Guesthouse Padma in the capital, reported.

Indian Vijay Keshav arrived here on Sunday to hold talks with senior Bangladeshi officials on a host of bilateral and regional issues.

"Today, we add another six documents to our large and growing list of meaningful agreements signed during the recent visits of to and Sheikh to India," said after the signing of the documents.

The documents included the implementation MoU on the friendship pipeline between Numaligarh and Parbatipur, an MoU on cooperation between and Betar, an MoU for setting up an in University and an Addendum to the GCNEP-BAEC Interagency Agreement, bdnews24.com reported.

Both sides also signed two more MoUs for projects whereby they will set up language labs in 500 schools in and upgrade different roads in Rangpur city.

"This is part of our endeavour to undertake projects in in various socio-economic sectors including education, culture, health, community welfare, for which we are providing Tk 1,600 crore," said the Indian

He said remained a "committed development partner" of and had extended lines of credit of over $8 billion to in the last seven years. This is the largest amount of credit has ever committed to any single country, he said.

From 2008-09, the bilateral trade almost tripled from $2.75 billion to $7.52 billion in 2016-17. called "India's biggest trade partner in South Asia".

Talking about the and power sector, said was currently supplying 660 MW of power to and they were on course to add at least 500 MW more by June.

also announced the second phase of humanitarian assistance for the Rohingya refugee camps in Bangladesh's Cox's Bazar. His Bangladeshi counterpart said they were "happy" over India's position on the Rohingya refugee issue and its progress on the pending Teesta water sharing deal.

Haque said the two discussed all aspects of the relations between the two nations, including the pending Teesta water sharing issue, and was "delighted" regarding the outcome.

is expected to meet the Bangladeshi leadership including Sheikh and on April 10 before returning home.

--IANS

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First Published: Mon, April 09 2018. 16:42 IST