PM Modi: The first energy pipeline between India and Bangladesh will be opened today via video conference between Prime Minister Narendra Modi and his Bangladeshi counterpart, Sheikh Hasina. This pipeline, which is expected to cost Rs 377 crore to build, will be the first cross-border pipeline between the two nations. The sum of the costs includes the $285 crore spent on laying the section on the Bangladeshi side.
India-Bangladesh friendship pipeline
In a statement released on Friday, the Ministry of Foreign Affairs (MEA) stated that Prime Ministers Narendra Modi and Sheikh Hasina would launch the India-Bangladesh friendship pipeline on March 18 at 1700 hours (IST). “This is the first cross-border energy pipeline between India and Bangladesh. It was built at an estimated cost of INR 377 crore, of which the Bangladesh portion of the pipeline was built at an approximate cost of Rs 285 crore, and was borne by the government of India under grant assistance,” it said in a statement.
Must Read: Is the US Banking System on the verge of collapse? Silicon Valley Bank files for Bankruptcy
Pipeline can move one million metric tonnes of high-speed diesel
According to the MEA, the pipeline can move one million metric tonnes of high-speed diesel annually (MMTPA). At the beginning, it will provide high-speed diesel to seven areas in northern Bangladesh. The functioning of the India-Bangladesh Friendship Pipeline will establish a long-term, dependable, economical, and environmentally friendly method of transferring HSD from India to Bangladesh and will further strengthen cooperation in energy security between the two nations, according to the MEA.
India’s Neighbourhood First Policy
India’s Neighbourhood First Policy, which was still one of the pillars of its diplomacy throughout this time, is consistent with this most recent initiative. Prime Minister Sheikh Hasina personally sat down with Prime Minister Modi during a state visit to India in September. Both leaders expressed happiness at the close links between their countries that are based on similar values of democracy and pluralism as well as long-standing historical and brotherly ties.
Keep watching our YouTube Channel ‘DNP INDIA’. Also, please subscribe and follow us on FACEBOOK, INSTAGRAM, and TWITTER.
