Manufacturing output in February rose 5% year on year, slower than the 5.9% rise posted in the same month last year
Indian Finance Minister Jaitley to arrive in Dhaka Tuesday
Indian Finance Minister Arun Jaitley is coming to Dhaka on Tuesday on a three-day official visit at the invitation of his Bangladesh counterpart Abul Maal Abdul Muhith.
Published : 2 Oct 2017, 11:26 AM
Updated : 2 Oct 2017, 11:26 AM
He will be accompanied by Economic Affairs Secretary Subhash Chandra Garg and other senior officials and a 30-member business delegation from the Federation of Indian Chambers of Commerce and Industry or FICCI, the Indian High Commission in Dhaka said.
Jaitley will hold bilateral meetings with his counterpart and other interlocutors in Bangladesh.
India and Bangladesh have witnessed a deepening of bilateral economic cooperation in recent years, particularly in terms of increasing volumes of trade and investment flows.
The two ministers are expected to review the status of economic cooperation and development partnership initiatives taken during the visit of Indian Prime Minister Narendra Modi to Bangladesh in June 2015 and Bangladesh Prime Minister Sheikh Hasina to India in April 2017.
During the visit of Hasina to India in 2017, an Indian line of credit of $4.5 billion was announced for Bangladesh.
An agreement for the implementation of the third line of credit is expected to be signed in the presence of two finance ministers on Oct 4.
This will bring the total amount of loans extended by India to Bangladesh over the last six years to $8 billion.
The third credit line agreement will enable the implementation of key infrastructure projects in Bangladesh.
In addition, the 'joint interpretative notes on the agreement between India and Bangladesh for the promotion and protection of investments' will also be signed.
During his visit, Jaitley will address an audience on India’s 'macroeconomic initiatives, at an event organised by the Policy Research Institute of Bangladesh and the High Commission of India.
The two finance ministers will jointly inaugurate a new scheme for cashless transactions in visa services run by the State Bank of India on behalf of the High Commission of India.
They will also inaugurate the Dhaka representative office of the EXIM Bank of India.
Jaitley will leave Dhaka on Thursday.
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