PM Modi announces $ 4.5 billion line of credit to Bangladesh

This is the Bangladesh Prime Minister's first bilateral visit to India in seven years since her visit in 2010.

New Delhi, April 8: Prime Minister Narendra Modi on Saturday announced a 4.5 billion US dollar line of credit to Bangladesh. Speaking after meeting his Bangladesh counterpart Sheikh Hasina, Modi also said that both countries will soon find an early solution to the Teesta water sharing issue. Both Modi and Hasina signed 22 pacts relating to various issues.

He further said that Bangladesh's zero tolerance policy towards terrorism is an inspiration to all. Earlier Prime Minister Narendra Modi met his Bangladeshi counterpart Sheikh Hasina ahead of delegation-level bilateral talks on Saturday.

Hasina said that she discussed investments in power and energy sectors with the PM. We have agreed on the need for better road connectivity she also said. India is our important neighbour, she further added.

Modi in his remarks mentioned that India recognises the need to diversify commercial engagement. He identified electronics, cyber-security, space technology among the areas of cooperation with Bangladesh.

"A new spring in #IndiaBangladesh ties! PM @narendramodi receives PM Sheikh Hasina at Hyderabad House before talks," External Affairs Ministry spokesperson Gopal Baglay tweeted.

On Friday, in a special gesture, Modi personally received Sheikh Hasina at the airport when she arrived here on a four-day visit to India.

This is the Bangladesh Prime Minister's first bilateral visit to India in seven years since her visit in 2010.

Modi will host a lunch banquet in honour of the visiting dignitary which will also be attended by West Bengal Chief Minister Mamata Banerjee.

Both Prime Ministers will attend a function to honour Indian martyrs in the 1971 Bangladesh Liberation War.

IANS