Bangladesh to import defence items from India under $500-million LoC

Dark Sorrow

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Bangladesh will soon import defence related items from India under the USD 500 million Line of Credit provided by New Delhi as several identified equipment are being fast tracked, according to Foreign Secretary Harsh Vardhan Shringla.

His remarks came after President Ram Nath Kovind, who is here on his maiden state visit at the invitation of his counterpart M Abdul Hamid to attend the golden jubilee celebrations of Bangladesh's independence from Pakistan in 1971, held delegation-level talks with the country's top leadership on Wednesday.

Prime Minister Sheikh Hasina called on President Kovind and the two leaders discussed several issues of mutual interest and bilateral cooperation. They reviewed the progress in the multifaceted and comprehensive bilateral ties.

Addressing a press briefing here on Wednesday night, Shringla said, "As far as we are concerned, India and Bangladesh are bound by ties of history, language, spirituality and culture."

He said that the defence issue was discussed during President Kovind's talks with Bangladesh's top leadership.

“I think the issue of imports of defence related items by Bangladesh, you are aware that we have signed, we have extended the line of credit for defence items for USD 500 million.

Under this line of credit, several items have been identified and being fast tracked. They're in fairly advanced stages of being processed… we will see certain defence items exports from India coming to Bangladesh and this is something that we would like to see,” the foreign secretary said.

Sringla said that “essentially the entire gamut of cooperation, whether it is training, exchanges, joint manufacturing in the defence sector, this is something that we would like to see enhanced”.

In 2019, India provided USD 500 million Line of Credit to Bangladesh for defence-related procurement in the neighbouring country.

Export Import Bank of India (Exim Bank) entered into an agreement on April 11 with Bangladesh's Armed Forces Division for making available to the latter a Government of India-supported LoC of USD 500 million.

The LoC is for the purpose of financing defence-related procurement in Bangladesh.

In April 2017 during Prime Minister Hasina's visit to New Delhi, India committed USD 500 million LoC for Bangladesh's defence.

President Kovind on Wednesday assured the top leadership here that Bangladesh has a "special place" in India's 'Neighbourhood First' policy and underlined that the bilateral relationship based on sovereignty, equality, trust and understanding is mature enough to handle the "most complex of problems".

 

Lonewolf

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Bangladesh will soon import defence related items from India under the USD 500 million Line of Credit provided by New Delhi as several identified equipment are being fast tracked, according to Foreign Secretary Harsh Vardhan Shringla.

His remarks came after President Ram Nath Kovind, who is here on his maiden state visit at the invitation of his counterpart M Abdul Hamid to attend the golden jubilee celebrations of Bangladesh's independence from Pakistan in 1971, held delegation-level talks with the country's top leadership on Wednesday.

Prime Minister Sheikh Hasina called on President Kovind and the two leaders discussed several issues of mutual interest and bilateral cooperation. They reviewed the progress in the multifaceted and comprehensive bilateral ties.

Addressing a press briefing here on Wednesday night, Shringla said, "As far as we are concerned, India and Bangladesh are bound by ties of history, language, spirituality and culture."

He said that the defence issue was discussed during President Kovind's talks with Bangladesh's top leadership.

“I think the issue of imports of defence related items by Bangladesh, you are aware that we have signed, we have extended the line of credit for defence items for USD 500 million.

Under this line of credit, several items have been identified and being fast tracked. They're in fairly advanced stages of being processed… we will see certain defence items exports from India coming to Bangladesh and this is something that we would like to see,” the foreign secretary said.

Sringla said that “essentially the entire gamut of cooperation, whether it is training, exchanges, joint manufacturing in the defence sector, this is something that we would like to see enhanced”.

In 2019, India provided USD 500 million Line of Credit to Bangladesh for defence-related procurement in the neighbouring country.

Export Import Bank of India (Exim Bank) entered into an agreement on April 11 with Bangladesh's Armed Forces Division for making available to the latter a Government of India-supported LoC of USD 500 million.

The LoC is for the purpose of financing defence-related procurement in Bangladesh.

In April 2017 during Prime Minister Hasina's visit to New Delhi, India committed USD 500 million LoC for Bangladesh's defence.

President Kovind on Wednesday assured the top leadership here that Bangladesh has a "special place" in India's 'Neighbourhood First' policy and underlined that the bilateral relationship based on sovereignty, equality, trust and understanding is mature enough to handle the "most complex of problems".

Burnol sales go zoooo....m......
 

Lonewolf

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What do you think that they would be importing? I have a feeling that it would be mostly defensive stuff like ground-based radars (Swathi), Aakash SAMs, Dhruv, etc. I don't think it would be anything offensive as it would piss off the Burmese.
Mostly radars , helis is unlikely too if armed , maybe dhruv for transport at most , not even rudra wsi .
 

Super Flanker

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Watch this video from Timestamp 3:23. Joint Production and Co-operation with Bangladesh?
 

Super Flanker

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idk why are we doing this, in the end bongs will turn against us :dude:
Yes bro. Even in the comment section, Bangladeshis are putting anti-India Comments. We can't do this! In the end Bangladesh will use them against us only. We should sell Weopons more to Myanmar and not Bangladesh.
 

Covfefe

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idk why are we doing this, in the end bongs will turn against us :dude:
"In the end" isn't a theme in diplomacy. It's like a ball dance where you keep flirting and changing partners. Don't fall in love and there's no eventuality with any of them.

PS- not applicable for Pakis. Smoke their asses wherever and whenever you get a chance
 

Abhijeet Dey

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India, Bangladesh to ink Defence pact, focus on maritime security and joint production


According to sources, joint production in the Special Economic Zone of various platforms including torpedoes and armoured vehicles, radars, among others.
Execution of line of credit worth $500 million

Bangladesh is expected to send a list of items that it is interested in procuring from India using the line of credit worth $500 million.

idk why are we doing this, in the end bongs will turn against us :dude:
Because of Chinese factor!!!!!! :shock:
Chinese presence in Bangladesh and maritime security

Financial Express Online has reported earlier that China has been trying to expand its presence in the Indian Ocean Region (IOR) and India’s focus is on security and growth for all in the region – an initiative to further relations with not only the neighbouring countries but in the IOR. Both India and Bangladesh are working together to ensure that both reach consensus to secure maritime security in the region.
 

Blademaster

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Why is not the Indian MSM taking PM Hasina to task about the spate of hindu killings in BD?
 

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