India

Jaishankar Says India’s Partnership with Bangladesh Stands out as Function Mannequin for Good Neighbourly Ties

Summary

Exterior Affairs Minister S Jaishankar with Bangladesh Overseas Minister AK Abdul Momen. (PTI) The exterior affairs minister mentioned India’s concessional traces of credit score of near $10 billion to Bangladesh are the most important it has prolonged to any nation. […]

External Affairs Minister S Jaishankar with Bangladesh Foreign Minister AK Abdul Momen. (PTI)

Exterior Affairs Minister S Jaishankar with Bangladesh Overseas Minister AK Abdul Momen. (PTI)

The exterior affairs minister mentioned India’s concessional traces of credit score of near $10 billion to Bangladesh are the most important it has prolonged to any nation.

  • PTI
  • Final Up to date: July 27, 2020, 10:29 PM IST

India’s partnership with Bangladesh stands out as a task mannequin within the area for good neighbourly relations and only a few international locations on this planet share such shut fraternal ties, Exterior Affairs Minister S Jaishankar mentioned on Monday.

He made the remarks after handing over 10 railway locomotives to Bangladesh at a digital ceremony together with Railway Minister Piyush Goyal.

The exterior affairs minister mentioned India’s concessional traces of credit score of near $10 billion to Bangladesh are the most important it has prolonged to any nation.

“Only a few international locations on this planet share such shut fraternal ties as these of ours. Our partnership at the moment stands out as a task mannequin within the area for good neighbourly relations,” he mentioned.

From the Bangladesh facet, the net ceremony was attended by Minister of Railway Md. Nurul Islam Sujan and Minister of Overseas Affairs Abul Kalam Abdul Momen.

“As your shut pal and neighbour, we’re certainly comfortable to witness the transformative progress. We have now seen spectacular progress charges in the previous few years. And your achievements throughout all socio-economic indicators have set new benchmarks,” Jashankar mentioned.

The ties between India and Bangladesh have witnessed a major upswing within the final six years. Either side have scaled up commerce and financial engagement moreover implementing quite a few connectivity and infrastructure initiatives.

“Our two international locations proceed to script a relationship of ‘Shonali Adhyaya’ (golden chapter), guided by the progressive imaginative and prescient of Prime Ministers Narendra Modi and Sheikh Hasina,” mentioned Jaishankar.

Speaking about commerce ties, the exterior affairs minister mentioned exports from Bangladesh to India have crossed the $1 billion mark in 2019 which he described as a “exceptional” progress of 43 per cent from the earlier yr. He invited the enterprise group of Bangladesh to additional improve their engagement with India.

“India stays a dedicated growth companion of Bangladesh. Our uniquely concessional traces of credit score of near $10 billion is the most important India has prolonged to any nation,” Jaishankar mentioned.

“These initiatives will assist in the infrastructure growth of Bangladesh, a pre-requisite for its financial system to leapfrog to the following degree. We have to work collectively to expedite lots of the ongoing initiatives,” he added.

Referring to the COVID-19 pandemic, Jaishankar mentioned it has posed new challenges to the world, noting that India stands ready to cooperate with the individuals of Bangladesh to tide over these tough instances.

“The pandemic has additionally pressured us to give you modern options aimed toward minimizing disruptions to our provide chain logistics. Because of our well-timed efforts, the enterprise communities of the 2 international locations have began utilising freight trains for transporting commodities and uncooked supplies for manufacturing industries,” he mentioned.

“The motion of freight by way of rail has additionally ensured that the availability of important commodities, they usually continued undisrupted as Railway Minister famous, notably within the holy month of Ramzan, as commerce by land borders confronted many challenges,” he added.


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