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India disburse $50 mn as assistance to Bangladesh


India Thursday handed over a cheque of $50 million to Bangladesh as the third tranche of the $200 million committed to Dhaka.

Indian High Commissioner Pankaj Saran handed over the cheque to Bangladesh Finance Minister A.M.A. Muhith.

With this, India has completed the disbursement of $150 million (approx Taka 1,176 crore) grant assistance to Bangladesh, said a statement.

Saran briefed the Bangladesh minister on the status of ongoing projects under the remaining $800 million Indian Line of Credit, which India has committed to implementing on a priority basis, said the statement.

Both also noted the success of the investor road shows held in Mumbai, Chennai and Kolkata in June by the Board of Investment of Bangladesh in partnership with the Confederation of Indian Industry and the India-Bangladesh Chamber of Commerce and Industry.

MoUs amounting to almost $100 million were signed between Indian and Bangladesh companies to invest in Bangladesh.