Dhaka: India-funded projects in Bangladesh will continue under the new interim administration, according to a top adviser. Finance Adviser Salehuddin Ahmed emphasized the importance of these projects and expressed anticipation for further cooperation with India during a meeting with Indian High Commissioner Pranay Verma.
Ahmed stated that the ongoing projects, which are significant in scale, will proceed as planned. "These are not minor projects, and we will continue with them, including considering new major projects for our benefit," he said.
He addressed concerns about the timely implementation of projects funded through India's lines of credit, particularly following the recent political changes in Bangladesh. "We will not halt the projects we have received. We will discuss their funding and implementation," Ahmed added.
Indian High Commissioner Verma reassured that New Delhi has not suspended any of its line of credit projects. "These are major projects at various locations, and work will resume as contractors return to their tasks," Verma said.
Ahmed expressed gratitude for India's ongoing support and highlighted the importance of these projects, which were initiated to address Bangladesh's needs. He acknowledged some disbursement challenges but assured they are being resolved.
During their discussions, both sides explored ways to enhance bilateral economic cooperation. Ahmed noted that India, as a significant neighbor, and Bangladesh have numerous opportunities for economic and trade collaboration. He assured Verma that Bangladesh remains open for investment and economic partnerships.
Regarding the trade imbalance favoring India, Ahmed expressed hope for a more balanced trade relationship. He noted that Verma promised to encourage greater export of Bangladeshi products to India, which could benefit both nations.
The Indian side also extended support in science and technology, scientific research, and laboratory development.
In response to questions about the Indian government's engagement with Bangladesh's interim government, Verma affirmed, "We are closely engaging with the interim government, as evidenced by my meeting with the adviser."
He confirmed ongoing efforts to resolve disbursement issues and expressed optimism about future projects funded by India. Verma also briefed Ahmed on the progress of Indian-funded projects and reiterated India's commitment to advancing its development cooperation initiatives.
Bangladesh and India have established significant financial agreements over the years, starting with a USD 862 million line of credit in August 2010, followed by a USD 2 billion agreement in March 2016, and a USD 4.5 billion agreement in March 2017.
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