Water Grid Program to Improve Bangladesh-India Connectivity
Ms. Nirmala Sitharaman, Minister of Finance, India, announced during her budget speech on 5 July 2019 that the opening of a protocol route between India and Bangladesh would be the start of a water grid program. The water grid would connect India’s northeaster region to Kolkata and Haldia ports in India and Mongla port in Bangladesh, allowing for seamless movement of import and export cargo and reduced logistics cost.
ADB Discusses North East Industrial Corridor Feasibility Study with Nagaland Chief Secretary
The Asian Development Bank (ADB) has been tasked by the Ministry of Finance of the Government of India to conduct a feasibility study on the proposed North East Industrial Corridor. An ADB team met with Mr. Temjen Toy, Chief Secretary of Nagaland, India, and senior officers of relevant state departments for further discussions. Mr. Toy emphasized the need to connect border trading points, and mentioned that lack of facilities hampered trade in the borders.
Nepal Approves Detailed Project Report for Planned Indo-Nepal Railway
The Government of Nepal has approved the Detailed Project Report for the planned Indo-Nepal railway. The railway route is set to connect Rupaidiya in eastern Uttar Pradesh in India to Kohalpur in Nepal. The Government of Nepal has begun the process of land acquisition.
Bangladesh and Bhutan Discuss Preferential Trade Agreement, Cooperation in Energy and Logistics
Mr. Sonam Tobden Rabgye, outgoing Ambassador of Bhutan to Bangladesh called on Bangladesh Prime Minister Sheikh Hasina. Their Meeting emphasized enhancing cooperation between the two countries in the power sector, and agreed to finalize the Preferential Trade Agreement. Prime Minister Hasina offered Bhutan access to its air and sea ports. She also said Bhutan can construct a warehouse in Bangladesh, and access this through the Bangladesh-Bhutan-India-Nepal facility.
Nepal to Welcome Bangladesh Hydropower Investments
Nepal will welcome private and public sector investments from Bangladesh, said Energy, Water Resources and Irrigation Secretary, Nepal, Mr. Dinesh Kumar Ghimire. He said Nepal and Bangladesh are looking to boost trade and business with each other and should explore new areas of cooperation.
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