India has increased its first line of credit extended to Bangladesh in 2010 by additional $62 million.
Published : 05 Aug 2015, 03:47 PM
It said EXIM Bank of India and Bangladesh’s finance ministry had concluded all formalities required for this additional credit.
The 2010 line of credit was initially $1 billion for projects related to railways, communications, infrastructure and other sectors.
Out of that, $200 million was later converted into grant and now the credit line stands at $862 million.
Meanwhile, Indian Prime Minister Narendra Modi during his recent Dhaka visit announced $2 billion more credits to Bangladesh.