The funding of 200 cores USD by India
will significantly boost the basic infrastructure and social - economic
environment of Bangladesh .
As per the conditions Bangladesh
can use majority this fund to develop the telecom and IT infrastructure, power
and railways.
In last two sectors, India already invested its support
to the nearing country. Telecom and IT are another sector which has ample
opportunities to develop. In the business of IT India is a giant provider in the
world.
Waterways, education and economic zone development are also
should some major issues where the fund will be invested.
When Indian PM Mr. Modi visited Bangladesh
in 2015, he promised for that hefty loan to the Bangladesh government. In previous years India provided one billion dollar
loan against one percent interest per year. The interest will be same for this
time also.
This is the largest loan amount which India provided
to any other country. Bangladesh
authority said that they almost completed the projects of the previous loan and
they hopeful that this loan amount will help them to turn the sectors to a new
dimension.
The repayment time span is 20 years. Not only it is a symbol
of bilateral relation of two nearing countries. This loan agreement will open a
new business avenue of the both country. In one side Bangladesh
will get boost in the economic growth as well as India
will get a business opportunity in Bangladesh .
As per the treaty 75 percent of Indian products and service
will be used in new projects by the loan amount given by India . Indian
companies will get a bigger opportunity by that.
Not only between India
and Bangladesh
this agreement will create a complete new business opportunity to the entire
zone. In the regional business point of view this agreement is going to be the
most important agreement between two nations.
Arindam Chatterjee
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