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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.
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 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.
A parliamentary committee in Bangladesh is to probe a possible loss to the country from the sale of a substantial portion of mobile operator Warid's stake to Indian telecom firm Bharti Airtel.
Over 1.3 million handloom and powerloom units across Bangladesh have launched an indefinite strike demanding import of yarn from India through the Benapole land port to meet the current shortage and to arrest rising prices.