Indian FM Jaitley to arrive in Dhaka today
India’s finance and corporate affairs minister Arun Jaitley will arrive in Dhaka on Tuesday on a three-day official visit to Bangladesh.
He will be visiting Bangladesh at the invitation of finance minister Abul Maal Abdul Muhith.
Jaitley will be accompanied by Subhash Chandra Garg, Secretary of Department of Economic Affairs, Ministry of Finance and other senior officials of the government of India.
A 30-member high-level business delegation from the Federation of Indian Chambers of Commerce and Industry (FICCI) will also accompany Jaitley.
India and Bangladesh have witnessed deepening of bilateral economic cooperation in recent years, particularly in terms of trade and investment.
The two ministers are expected to review the status of economic cooperation and development partnership initiatives taken during the Bangladesh visit of the Indian Prime Minster Narendra Modi in June 2015, and his Bangladeshi counterpart Sheikh Hasina's India visit in April 2017.
During Hasina's visit, an Indian Line of Credit of US$ 4.5 billion was announced for Bangladesh. The Dollar Credit Line Agreement for implementation of this third Line of credit is expected to be signed in the presence of the Ministers of Finance of India and Bangladesh on October 4.
This will bring the total quantum of credit lines extended by India to Bangladesh over the last six years to US$ 8 billion. Signing of the Third Dollar Credit Line Agreement will enable the implementation of a number of key infrastructure projects of priority to 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 in the presence of two finance ministers.
Jaitley will address a select audience on the subject of 'Macroeconomic Initiatives of the Government of India', at an event organized by the Policy Research Institute of Bangladesh and the High Commission of India.
The Minister of Finance and Corporate Affairs of India along with the Finance Minister of Bangladesh 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.
The two ministers will also inaugurate the Dhaka representative office of the EXIM Bank of India. After the end of 3-day official visit, Jaitley will leave Dhaka on Thursday.
