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Business News/ News / World/  Bangladesh PM Sheikh Hasina to visit India to boost strategic ties

Bangladesh PM Sheikh Hasina to visit India to boost strategic ties

All eyes are set on Bangladesh Prime Minister Sheikh Hasina's upcoming visit to India between September 5 and 8, during which she will have a meeting with Prime Minister Narendra Modi in New Delhi.

Bangladesh Prime Minister Sheikh Hasina on Sunday lauded counterpart Narendra Modi.  (ANI)Premium
Bangladesh Prime Minister Sheikh Hasina on Sunday lauded counterpart Narendra Modi.  (ANI)

All eyes are set on Bangladesh Prime Minister Sheikh Hasina's upcoming visit to India between September 5 and 8, during which she will have a meeting with Prime Minister Narendra Modi in New Delhi.

Sheikh Hasina is set to begin her four-day visit to India on Monday with a special focus on connectivity, energy and food security as well as trade and investment opportunities.

Upgrading defence cooperation and establishing stability in South Asia are also going to be issues of top priority.

Bangladesh and India share a great deal of similarities in terms of culture, economy, language, political history, and religion. Regardless of the way that India was instrumental in Bangladesh's independence, the connection between New Delhi and Dhaka has never been particularly warm or liberated from quarrels.

Bangladesh PM last visited India in 2019. This upcoming visit will be her first visit after both the nations' bilateral relations touched their 50th year in 2021.

India-Bangladesh have together attained good results in striking various diplomatic deals in areas such as settling land and maritime boundary dispute, security, connectivity, development cooperation, cultural exchange, power and energy, trade and commerce, blue economy, defence.

Rivers are perhaps of the most remarkable divided asset among the two nations. The issue of water management and water sharing is vital in the reciprocal participation plan of Delhi and Dhaka as India and Bangladesh share 54 rivers. The two nations have recognized seven of these streams for fostering the structure of water-sharing settlements on utmost priority.

The common significant streams between the two nations incorporate the Ganges, Teesta, Manu, Muhuri, Khowai, Gumti, Dharla, Dudhkumar and Kushiyara. In the new Joint River Commission (JRC), the two nations concluded the text of the Memorandum of Understanding (MoU) on interim water sharing of the Kushiyara river.

Given the amount of co-operation shared between the nations, It is likely that the two nations will try to resolve the Teesta river dispute.

The meeting between Sheik Hasina and Narendra Modi is observed closely in terms of their economic collaboration as the economy of both the nations have suffered due to the 2 year long pandemic. Bangladesh's forex reserves got severely depleted as its exports got affected which compelled it to negotiate assistance package from IMF. It is likely that the two nations will negotiate on India-Bangladesh Comprehensive Economic Partnership Agreement (CEPA).

Last year also marked the 50th anniversary of Bangladesh's independence and the 100th birth anniversary of Sheikh Mujibur Rahman, the founding father of the nation.

PM Modi visited Bangladesh in 2021. Maitri Diwas celebrations were held in 20 capitals around the world including Delhi and Dhaka. Prime Ministers of both countries have met 12 times since 2015.

India and Bangladesh have sought to create a model for regional cooperation besides reviving several connectivity initiatives over the last few years. The Akhaura-Agartala rail link will reopen soon, and it is anticipated that Agartala and Chittagong will be connected by air in a few weeks.

The two sides are expected to ink an agreement on interim sharing of water of the Kushiyara River during Hasina's visit.

The Bangladeshi PM is also likely to travel to Ajmer in Rajasthan to visit the Dargah of revered Sufi saint Moinuddin Chishti.

Last month, India and Bangladesh finalised the text of the agreement on interim sharing of the river water.

The text of the memorandum of understanding (MoU) was finalised at the 38th ministerial-level meeting of the India-Bangladesh Joint Rivers Commission (JRC) held in Delhi on August 25. The commission was constituted in 1972 as a bilateral mechanism to address issues of mutual interest on common rivers.

Bangladesh is an important partner under India's "Neighbourhood First" policy. The cooperation extends to all fields including security, trade & commerce, power & energy, transport & connectivity, science & technology, defence, rivers, and maritime affairs among others.

Bangladesh is now India's biggest trade partner in South Asia. Bilateral trade has grown from USD 9 billion to USD 18 billion in the last five years.

Bangladesh has become the fourth largest export destination for India with a growth of over 66 per cent from USD 9.69 billion in FY 2020-21 to USD 16.15 billion in FY 2021-22.

The well-connected rail system between the two countries was used to supply essential commodities to Bangladesh when trade via land route has been disrupted during COVID.

Despite the Covid pandemic, both countries were able to achieve progress on important connectivity initiatives.

The recent achievement between the two countries includes the inauguration of the passenger train Mitali express from New Jalpaiguri to Dhaka in June 2022 using the Chilahati-Haldibari cross-border rail link.

Also, three trial runs have been conducted under the Agreement on the use of Chattogram and Mongla port for the movement of goods to and fro from India through Chattogram and Mongla port.

Bangladesh is India's largest development partner with nearly one-fourth of the Government of India (GoI) commitment under the GoI Line of Credit (LoC) has been made to Bangladesh. Total contracts have crossed the milestone figure of USD 2 billion and total disbursements have crossed USD 1 billion.

Bilateral development assistance projects cover a wide variety of sectors such as railways, roads and transport, power generation and transmission, inland waterways, ports and shipping, economic zones, information and communication technology, petrochemicals, renewable energy, waste management and aviation with a bulk of the projects aimed at improving connectivity.

India has been a hub of medical treatment for Bangladesh nationals. Of the 2.8 lakh visas issued in 2021, 2.3 lakh were medical visas. Bangladesh is currently India's biggest visa operation globally. In 2019, 13.63 lakh visas were issued.

With inputs from agencies.

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Published: 05 Sep 2022, 10:47 AM IST
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