Dhaka: Salehuddin Ahmed, Finance Adviser of Bangladesh’s interim government, affirmed on Tuesday that India-funded projects are “very important” and will continue under the new administration. Ahmed emphasized the value of these projects and expressed eagerness for enhanced cooperation with India.
Ahmed’s comments came during a meeting with Indian High Commissioner Pranay Verma. He noted that the ongoing projects funded by India are significant and will not be halted. “We’ll continue with the projects we have, and we’re looking to undertake additional large-scale projects for our benefit,” Ahmed said.
The remarks address concerns about the future of projects funded under India’s three lines of credit following the recent political upheaval in Bangladesh, which led to the ousting of the Sheikh Hasina-led Awami League government. Verma reassured that New Delhi has not stopped any of its line of credit projects and highlighted that these projects are major and located across various sites. “The projects are continuing, and contractors will return to start the work,” Verma noted.
Ahmed thanked India for its ongoing cooperation and discussed resolving any issues related to disbursement. He reiterated the importance of these projects, which were initiated based on Bangladesh’s needs. Both sides also explored ways to strengthen bilateral economic cooperation.
Describing India as a significant neighbor, Ahmed acknowledged the extensive areas of economic cooperation and trade between the two countries. He assured Verma that Bangladesh remains a favorable destination for investment and economic collaboration.
Regarding the trade imbalance, Ahmed expressed optimism about addressing the issue and welcomed India’s support in promoting Bangladeshi exports. Verma also indicated that India would continue its engagement in science and technology, scientific research, and laboratory support.
In response to questions about the engagement with Bangladesh’s interim government, Verma confirmed ongoing discussions and expressed commitment to advancing the Indian-funded projects. He updated Ahmed on the progress of some projects and expressed confidence in continuing development cooperation under India’s line of credit agreements.
Since the first line of credit agreement in August 2010, India has signed subsequent agreements totaling USD 6.5 billion, including the second agreement for USD 2 billion in March 2016 and the third for USD 4.5 billion in March 2017.
