India, Bangladesh sign historic territory swap deal

In a historic step that brought to a closure the decades-old territorial dispute, India and Bangladesh signed a path-breaking agreement June 6 that formalized the 40-year-old Land Boundary Agreement with Bangladesh, enabling the two countries to exchange land enclaves in each other’s territory.

The historic agreement was signed by the foreign secretaries of India and Bangladesh in the presence of India’s Prime Minister Narendra Modi and his Bangladeshi counterpart Sheikh Hasina Wajed.

Marking a transformational moment in relations between the two neighbours, the Indian parliament had unanimously approved a Constitution Amendment Bill to give full effect to the Land Boundary Agreement of 1974 with Bangladesh and the related 2011 Protocol.

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$2 billion boost for India-Bangladesh ties

DHAKA: Taking developmental cooperation with Bangladesh to new heights and projecting New Delhi as a partner in the success of Dhaka, India’s Prime Minister Narendra Modi has unveiled a new line of credit of $2 billion for Bangladesh, the largest single LOC for any country committed by India.

The $2 billion LOC has raised the bar for India’s engagement with Bangladesh and is set to bring the two neighbours in a web of trade, connectivity and shared prosperity. The previous Manmohan Singh government had announced $1 billion Line of Credit during Sheikh Hasina’s visit to New Delhi in 2010.

“Our development partnership is scaling new heights. The quick implementation of the line of credit of $800 million and full disbursement of $200 million in grant is a tribute to our cooperation,” said Mr Modi at a joint media interaction with Sheikh Hasina.

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Netherlands upbeat on Make in India, to help Clean Ganga mission

Throwing its weight behind the “Make in India” campaign, the Netherlands has forged a multi-faceted development partnership with India and pledged support for the Clean Ganga mission.

The Netherlands’ Prime Minister Mark Rutte, who is on a two-day visit to India, met his Indian counterpart Narendra Modi in New Delhi on June 5, and held wide-ranging discussion on an array of bilateral and global issues.

The meeting followed a luncheon discussion hosted by Mr Modi with 35 CEOs of leading industries of both countries. The European country’s enthusiasm for Make in India was evident in the agreement signed between Cochin Shipyards Limited (CSL) of India and Dutch Shipbuilder Royal IHC to build dredges in India, which included transfer of technology from IHC to CSL.

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