India agrees $4.5bn deal with Bangladesh in New Delhi

We specifically looked at charting new avenues and tapping fresh opportunities in advancing our relationship.

According to the joint statement, Hasina requested Modi for conclusion of the interim agreement on sharing of the water of Teesta and he said the Indian government is working with all stakeholders for its early conclusion.

The new bus service will connect Bangladesh's capital Dhaka with West Bengal state capital city Kolkata. Swaraj also fondly recalled her own visit to Bangladesh.

State-run Bangladesh Sangbad Sangstha news agency reported that two premiers, she said, discussed the issues of water resources management including sharing of water of common rivers like Teesta, the Padma-Ganges Barrage Project and basin-wise management of the trans-boundary streams.

The Teesta deal was set to be signed during the former Prime Minister Manmohan Singh's visit to Bangladesh in September, 2011, but Mamata Banerjee raised objections then.

-PM announces India to partner Bangladesh in goal of Power for all by 2021. Modi said that, just like India, he wants neighboring countries also to focus on development, which would help the development of the entire region. The BBIN initiative was taken after Pakistan stalled a regional transport initiative of SAARC.

It was for this reason that India had recently liberalised its visa regime, making it very easy for Bangladeshi citizens to get visa for visiting India.

The two countries also agreed to work closely on peace and security and build cooperation between their armed forces. She has also bought a Rajshahi silk sari for Prime Minister Narendra Modi's mother.

"Along with our shared land boundaries are our shared rivers", Modi said while jointly addressing the media with Bangladesh Prime Minister Sheikh Hasina following bilateral talks in Delhi.

Modi said that India always stood for the prosperity of Bangladesh and fruits of cooperation must reach to the people of the two countries. The Indian government had committed to the addition of another 500 MW under an existing inter-connection. The two sides have agreed to finance a diesel oil pipeline from Assam to Bangladesh. Our companies are entering into a long-term agreement for the supply of high speed diesel to Bangladesh.

He said, connectivity is crucial for the successful bilateral relationship.

India and Bangladesh have signed a slew of agreements, including a $4.5 billion concessionary line of credit from India for development projects in Bangladesh, as the South Asian neighbors try to deepen their ties. Many Indian soldiers sacrificed their lives.

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