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India hands over fourth tranche of 25 million US dollar grant – DigBazar

India hands over fourth tranche of 25 million US dollar grant

October 20, 2014 Daisy Hamilton

High Commissioner of India Pankaj Saran called on His Excellency A.M.A. Muhith, Finance Minister of Bangladesh today and handed over a cheque of US$ 25 million (approximately BD Taka 194 crore) as the fourth tranche of the USD 200 million grant committed by the Government of India to Bangladesh in 2012. With this, India has completed the disbursement of USD 175 million grant assistance to Bangladesh.

The High Commissioner also briefed the Finance Minister on the latest status of 15 ongoing projects under the remaining USD 800 million Indian Line of Credit, which are in different stages of implementation.

The High Commissioner also thanked the Finance Minister for Bangladesh’s positive response on the establishment of Special Economic Zone for Indian companies, which will promote greater Indian investments in Bangladesh.

India hands over fourth tranche of 25 million US dollar grant

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