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Disused
railway lines between India, Bangladesh to be restored
Sunday April 24, 2011 07:30:02 PM,
IANS
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New Delhi:
India and Bangladesh have agreed to restore railway links in a bid
to enhance people-to-people contact and boost bilateral trade and
investments.
Indian Commerce and Industry Minister Anand Sharma met Bangladesh
Prime Minister Sheikh Hasina in Dhaka Sunday to discuss the issue.
"Both sides agreed that serious efforts are needed to restore the
railway lines that went into disuse after 1965 war," a statement
from the Indian commerce and industry ministry said here.
The rail services was suspended after the 1965 India-Pakistan war
when Bangladesh was then Pakistan's eastern wing.
The two sides propose to build a 13-km railway line between
Agartala (India) and Akhaurah (Bangladesh).
Of the 13-km proposed link railway line to connect with the
Bangladesh railway network through Akhaurah railway station, 5.4
km falls in Indian territory and the remaining portion in
Bangladesh.
Sharma, who is on a two-day official visit to Dhaka, offered
financial assistance in the form of buyer's credit for Indian
projects in Bangladesh which would enhance competitiveness of
Indian investors.
India has also offered to renew export of 300,000 tonnes of
par-boiled rice, rice boiled in the husk, to Bangladesh and
finalise options for lifting of the grain at the earliest.
Shrama said private sector investment from India to Bangladesh to
the tune of $3.5 billion was in the pipeline.
"Increased Indian investments in Bangladesh will provide
employment and value addition for Bangladesh exports to the rest
of the world," he said.
India has offered many trade concession to Bangladesh. It include,
enhanced tariff-free quota of 10 million pieces of apparel exports
from Bangladesh, marking an increase of 25 percent over previous
years, lifting of countervailing duties on Bangladesh Jute items,
strengthening of infrastructure at borders, including construction
of Land Custom Stations and Integrated Check Posts, particularly
at Petrapole and Agartala such that trade is facilitated.
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