1. Narendra Modi Bangladesh visit: ‘Will do everything to bridge Indo-Bangla trade deficit’, says PM

Narendra Modi Bangladesh visit: ‘Will do everything to bridge Indo-Bangla trade deficit’, says PM

Stating that he was conscious of the huge trade imbalance, Prime Minister Narendra Modi on Saturday assured that India would do everything to bridge the deficit between the two neighbouring nations.

By: | Published: June 7, 2015 12:42 PM

Stating that he was conscious of the huge trade imbalance, Prime Minister Narendra Modi on Saturday assured that India would do everything to bridge the deficit between the two neighbouring nations.

“I am conscious of the huge trade imbalance, despite duty free and quota free access to Bangladesh in India on all but 25 items. Yet, I have assured Prime Minister that we will do everything we can to bridge the deficit,” Prime Minister Modi said during the joint press briefing with his Bangladeshi counterpart Sheikh Hasina.

“Indian investments in Bangladesh will help. I will also try to make trade smoother and easier, including at the border. The agreement on standards and testing is a step in that direction,” he added.

Stating that power supply from India to Bangladesh will grow from 500 MW to 1100 MW within two years, Prime Minister Modi said both nations can do more together in the power sector.

“Power supply from India to Bangladesh will grow from 500 MW to 1100 MW within two years. The 1320 MW Rampal power project is making progress in accordance with your laws and regulation. We can do more together in power sector, here and in India,” he added.

The Prime Minister also lauded Bangladesh’s decision to allow transit of power equipment and food-grain to the northeast.

“Connectivity is the catalyst for deeper engagement. Bangladesh’s decision to allow transit of power equipment and food-grain to the Northeast echoes the strength of your human values and our shared economic opportunities,” he said.

Prime Minister Modi further stated that connectivity by road, rail, rivers, sea, transmission lines, petroleum pipelines and digital links will increase and added some of the pathways to this future have been unveiled today.

  1. Hemen Parekh
    Jun 8, 2015 at 10:16 am
    Bangladesh - Redux ? After 44 years , India and Bangladesh have settled their boundary dispute by exchanging a few thousand acres of land Hopefully , this will end illegal migration / export of militancy etc , besides giving legitimate citizenship to 50,000 , so far stateless , persons Will this settlement lead to , > huge economic loss to either of the countries ? > increase in terrorist activities / illegal infiltration ? > significant reduction of national security ? Clear answer is : NO ! If anything , it will vastly improve neighborly relations and benefit the people of both the countries Why can't we resolve our " Kashmir Border Dispute " with stan , in a similar manner ? By both countries accepting the Line of Actual Control ( LaC ) as an International Boundary ? In the past 60 years , I remember only 3 Indians to have the courage to suggest / support such a solution ( not counting insignificant , myself ). They were : > Vasant Sathe > Faroukh Abdullah > Prashant Bhushan Reason is simple as to why a military action to regain lost territory ( both sides claim to own the entire Kashmir ) , just won't work for the following reasons : > An all out war will cause loss of millions of lives on both sides > Intervention of UN / America / Russia / China will create a fresh limbo ( political stalemate / comma ) without a permanent resolution > It may end-up creating an independent country of " Kashmir " - something that neither India / stan want, nor will help the Kashmiris If this is so crystal-clear , then what is stopping the politicians of both the countries to pursue this path ? Simple ! Lack of courage due to fear of losing power ! Unless Shri Narendra Modi and Shri Nawaz Sharif muster the courage to tell - and sell - this bitter truth to their countrymen ! What next ? Arunachal Pradesh Vs Aksai Chin ? --- hemen parekh B2BmessageBlaster 08 June 2015
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