Indian auto giant Tata Motors has indicated interest in sourcing auto components from Bangladesh. But setting up a plant to manufacture the world's cheapest car, Nano, would have to wait, a company official said.
Bangladesh has signed a framework agreement for Russian cooperation for the country's maiden nuclear plant that it hopes will be installed by 2017 and generate 2,000 MGW power by 2020.
The World Bank has approved an additional USD 292 million for two ongoing projects in Bangladesh to improve infrastructure and education in the country, the bank said on Wednesday.
The Bangladesh government formed a committee on Monday to review a deal signed earlier with India on open-ended import and export of electricity, before ratifying the deal for power purchase from the larger neighbour, an official said.
Global financial and credit rating agencies have drawn a positive picture of Bangladesh's economy, but domestic experts see signs of stagnation and slowdown in investment.
Leading business lobbies in Bangladesh and India have agreed to expedite bilateral trade and investment between the two countries and have laid out plans to bridge the USD 3 billion trade deficit.
New Delhi and Dhaka have started implementing the agreements finalised during the January visit of Bangladesh Prime Minister Sheikh Hasina to India, Tripura Chief Minister Manik Sarkar said in Agartala on Friday.
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Bangladesh's Nobel laureate Muhammad Yunus is to step into Adidas shoes...literally. His Grameen Group, which is mainly into rural credit, is planning a joint venture with the German sports apparel maker to make low-cost shoes for the poor.
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Retailers Primark, El Corte Ingles, Loblaw and Bonmarche have pledged to contribute to the fund following the collapse of the garment factory complex in April, the world's worst industrial tragedy, the officials said. But no US retailer like, Walmart who source ready-made garments from Bangladesh have joined the effort so far.
Bangladesh has proposed a "joint basin-wise management" of the Brahmaputra that also flows through China and India and poses serious problems of flooding in the three countries.
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Bangladesh's coalition government, led by the Awami League, Thursday unveiled a 19 billion dollar national budget that calls for higher spending on energy, infrastructure and agriculture to revive economic growth.
Bangladesh will allocate Taka 17 billion ($245 million) in its annual budget next month for constructing the infrastructure necessary to import 500 MW of electricity from India, an official said.