Subscribe
    Business

    India-Bangladesh Pipeline: 10 lakh tonnes of diesel will flow through this pipeline every year, India-Bangladesh friendship will be strengthened

    Shehnaz AliBy Updated:No Comments2 Mins Read
    New Delhi: Prime Minister Narendra Modi and Bangladesh Prime Minister Sheikh Hasina will inaugurate the first India-Bangladesh Energy Pipeline through video conferencing on Saturday. This is the first cross-border pipeline between the two countries. This 131.5 km long pipeline has been built at a cost of about Rs 377 crore. Out of the total cost, Rs 285 crore has been spent on laying the pipeline in Bangladesh. India has spent this amount under grant aid. One million tonnes of high-speed diesel can be sent through the pipeline in a year. Through this, initially high-speed diesel will be sent to seven districts of northern Bangladesh.

    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.

    Now Indian clothes will be famous abroad, PM Mitra Mega Textile Park will do wonders

    India-Bangladesh trade

    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.

    Source: navbharattimes.indiatimes.com

    : Language Inputs

    This post is sourced from newspapers, magazines and third-party websites. For more information please check NewsDay Express Disclaimer.

    Shehnaz is a Corporate Communications Expert by profession and writer by Passion. She has experience of many years in the same. Her educational background in Mass communication has given her a broad base from which to approach many topics. She enjoys writing about Public relations, Corporate communications, travel, entrepreneurship, insurance, and finance among others.

    Related Posts

    Comments are closed.