The Ministry of External Affairs said on Friday, “Prime Minister Narendra Modi and Prime Minister of Bangladesh Sheikh Hasina will inaugurate the India-Bangladesh Mitra Pipeline through video conferencing on March 18 at 5 pm.” Diesel will be supplied from this pipeline on an experimental basis from June this year. The work on this project started in 2018. The pipeline will run from the marketing terminal of Numaligarh Refinery Limited in Siliguri to the Parbatipur depot of Bangladesh Petroleum Corporation. The fuel transport deal between the two countries is for 15 years, which can be extended later.
Bangladesh is India’s largest trading partner in South Asia. Bangladesh is the world’s fourth largest market for Indian exports. There is an export of 16 billion dollars annually from India. Both countries are working on Comprehensive Economic Partnership Agreement. With this, India’s exports to Bangladesh can double to reach $32 billion in the near future. Bilateral trade between the two countries was $ 10.8 billion in the year 2020-21, which increased to $ 18.2 billion in 2021-22.
: Language Inputs
This post is sourced from newspapers, magazines and third-party websites. For more information please check NewsDay Express Disclaimer.