PM Modi, Sheikh Hasina jointly inaugurate India-Bangladesh friendship pipeline

Prime Minister Narendra Modi and his Bangladesh counterpart Sheikh Hasina on Saturday jointly inaugurated the India-Bangladesh friendship diesel pipeline.

The pipeline will start a new chapter in India-Bangladesh relations, PM Modi said at the inauguration.

The foundation stone for the construction of this pipeline was laid by both the prime ministers in September 2018. Numaligarh Refinery Limited has been supplying petroleum products to Bangladesh since 2015. This is the second cross-border energy pipeline between India and its neighbours.

According to the Prime Minister Office, the cooperation in the power and energy sector has become one of the hallmarks of India-Bangladesh relations.

“IBFP is the first cross border energy pipeline between India and Bangladesh with a capacity to transport 1 Million Metric Ton Per Annum (MMTPA) of High-Speed Diesel (HSD) to Bangladesh. Enhanced connectivity with Bangladesh will further strengthen people to people linkages between two sides,” it said.

Bangladesh is India’s top-most development partner and its largest trade partner in the region. The operationalisation of the Friendship Pipeline will enhance ongoing energy cooperation between the two countries and will further growth in Bangladesh, particularly in the agriculture sector.

PM Modi thanked Prime Minister Sheikh Hasina for her constant guidance on the project and expressed his wish to continue working with her for the benefit of the people of the two countries.

Catch all the Business News, Market News, Breaking News Events and Latest News Updates on Live Mint.
Download The Mint News App to get Daily Market Updates.


Source link

Leave a Reply

Your email address will not be published.