India woos Bangladesh with defence loan, credit
Those include a pact on the defence cooperation framework apart from signing an agreement for extending a $500 million line of credit for military supplies.
'In this context I am happy to announce a new concessional line of credit of $4.5 billion for the implementation of projects in priority sectors for Bangladesh.
Ms. Hasina recalled her days in exile in Delhi from 1975 to 1981 after the assassination of her father, Sheikh Mujibur Rahman, and 18 other close relatives on August 15, 1975. "Development of India alone will be incomplete", said PM Modi.
These defence pacts may also enable Dhaka to reduce its dependence on China which has so far remained a principal supplier of defence equipment to the Bangladesh armed forces, including the supply of two submarines past year.
The Indian prime minister said his counterpart and he have noted the success of our capacity building and training initiatives.
Indian external affairs minister Sushma Swaraj, Bangladesh high commissioner in New Delhi and Indian high commissioner in Dhaka Harsh Vardhan Shringla were also seen exchanging views with Mamata who entered the room five minutes ahead of the two prime ministers' arrival. The Bangladesh PM met the families of all the soldiers who had lost their life fighting for Bangladesh's liberation.
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Modi said that India always stood for the prosperity of Bangladesh and fruits of cooperation must reach to the people of the two countries.
At the event to honour the Indian martyrs, she said: "I am grateful to the government and people of India for their contribution to Bangladesh's War of Independence".
In the run-up to the visit, both Indian and Bangladeshi officials had admitted that any progress on the Teesta water sharing issue was not possible during this summit.
Modi and visiting Bangladesh Prime Minister Sheikh Hasina also released the Hindi translation of Bangabandhu's unfinished memoirs.
She announced with appreciation that New Delhi has agreed to support Bangladesh's efforts to obtain worldwide recognition of "Genocide of 1971" as Dhaka sought India's assistance towards that end.
The Modi-Hasina talks today followed days of quiet negotiations by New Delhi with the Bengal government to try and ensure that the Bangladesh Prime Minister's visit goes smoothly and she can carry back at least optimism on the Teesta agreement.
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