January 12, 2010 12:12 PM

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Bangladesh vows not to allow anti-India terror, gets USD 1bn

Bangladesh promised not to allow its territory to be used for terror against India while India announced a one-billion dollar line of credit to that country. This is the largest one time credit line ever extended to any country by India.<br/><br/>The credit line is for infrastructure projects in Bangladesh including the construction of railway projects, supply of locomotives, coaches and buses and dredging and the construction of Akhaura -Agartala rail link.<br/><br/>Beginning a new chapter in their historical ties India and Bangladesh also signed five agreements, three of which help in fighting terror. <br/><br/>These are agreement on mutual legal assistance in criminal matters, agreement on transfer of sentenced persons and agreement on combating international terrorism, organized crime and drug trafficking.<br/><br/>The two sides also signed an MOU on cooperation in power sector which includes working on inter-grid connectivity. India will also supply 250 MW of power to Bangladesh to meet its shortage.<br/><br/>The power secretaries of the two countries will be meeting on Tuesday. India has also agreed to almost triple the scholarship offered to Bangladesh by taking the number to 300 annually.<br/><br/>The agreements were signed after the talks between the Prime Minister, Dr. Manmohan Singh and his Bangladeshi counterpart Mrs Sheikh Hasina in New Delhi last evening. They also signed a cultural Exchange programme.<br/><br/>In their talks both the leaders agreed that security is the priority area and decided to actively cooperate in this area. <br/><br/>They also decided to resolve their outstanding issues within a comprehensive framework of cooperation. The two countries have also decided to jointly celebrate the 150th birth anniversary of Nobel laureate Rabinder Nath Tagore.<br/><br/>Mrs Sheikh Hasina is on a three day state visit to India. She will be conferred with the Indira Gandhi prize for peace, development and disarmament on Tuesday.

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