Saturday, 6 June 2015

Deals worth $5.5b power plants inked with Indian companies

Star Online Report
Bangladesh today signed two memoranda of understanding (MoUs) with two Indian companies to set up 4,600-megawatt power plants in the country.
The deals worth $5.5 billion were inked between Power Development Board of Bangladesh and Indian companies Adani Power Limited and Reliance Group at the Bidyut Bhaban in Dhaka around 11:30am.
The MoUs were signed when Indian Prime Minister Narendra Modi is paying his maiden trip to Bangladesh.
Adani Power Limited will invest $2.5 billion to set up a coal-based power plant with capacity of 1,600MW power.
The Reliance Group signed the deal to set up an imported Liquefied Natural Gas-based power plant in Bangladesh with capacity of 3,000MW power. The group will invest $3 billion to set up the plant.
The sites for setting up the power plants are yet to be decided.   

Indian PM Modi arrives in first Bangladesh visit

Trip going to strengthen India-Bangladesh bond, he tweets before starting for Dhaka
Star Online Report
Indian Prime Minister Narendra Modi reached Dhaka this morning amid high hopes for strengthening economic and trade ties between the two neighbouring countries.
Bangladeshi Prime Minister, Sheikh Hasina welcomes her Indian counterpart, Narendra Modi (L) at the Hazrat Shahjalal International Airport in Dhaka on Saturday. Photo: AFP




Rajdoot, a special aircraft of Indian Air Force carrying the Indian premier, touched down at the Hazrat Shahjalal International Airport at 10:10am Bangladesh time.
As he walked down the airstair of Rajdoot, Prime Minister Sheikh Hasina warmly welcomed her Indian counterpart.
Indian Prime Minister, Narendra Modi (2L-front) inspects the Bangladeshi guard of honour on his arrival at the Hazrat Shahjalal International Airport in Dhaka on Saturday. Photo: AFP
The Indian leader was presented a 19-gun salute and a guard of honour by a contingent of Bangladesh Army, Navy and Air Force personnel.
From the airport, Modi went to National Memorial in Savar around 11:25am and paid homage to the martyrs of the Liberation War.
Indian Prime Minister, Narendra Modi (L) receives a floral bouquet from a young girl as Bangladeshi Prime Minister, Sheikh Hasina looks on at the Hazrat Shahjalal International Airport in Dhaka on Saturday. Photo: AFP
This is Modi’s first visit to Bangladesh since his swearing in as Indian PM.

Just before starting for Dhaka on a 34-hour trip, Indian Prime Minister Narendra Modi today tweeted that his visit was going to strengthen the ties between the two nations.
Indian Prime Minister, Narendra Modi waves as he leaves the plane on his arrival at the Hazrat Shahjalal International Airport in Dhaka on Saturday.
Indian Prime Minister, Narendra Modi gives a traditional greeting as he exits the plane on his arrival at the Hazrat Shahjalal International Airport in Dhaka on Saturday. Photo: AFP

“Leaving for Bangladesh. This visit is going to strengthen the bond between our Nations, benefitting people of our countries & our region,” Modi tweeted.
Capital Dhaka has already worn a festive look with streets adorned with life-size cutouts of Modi, West Bengal Chief Minister Mamata Banerjee and Bangladesh Prime Minister Sheikh Hasina.
Both countries are agog with unprecedented expectations that his trip would take bilateral relations to a new level and exploit the economic and trade potentials keeping borders open for each other.
Modi’s visit to Bangladesh is going to be special since with it the two closest neighbours are expected to get the sensitive connectivity (in rail, road and waterways) ball rolling for mutual growth.
The clearance of a dozen deals by the cabinets of the two countries is a clear indication that the two sides want to integrate economic activities through rail, road and waterways connectivity.
On top of the agenda will be rail, road and waterways connectivity for trade between the two neighbours and also with a third country by using each other's territory.
The two countries move to establish a much stronger partnership in various sectors with Modi seeking to improve ties with India's neighbours as part of his vision for regional development.

4 held for anti-Modi demo

Star Online Report
Police today detained four including a woman from Dhaka for demonstrating against the visiting Indian Prime Minister Narendra Modi.
They were captured while trying to hold a demo near the Jatiya Press Club in Dhaka around 4:30pm, said Abu Bakar Siddique, officer-in-charge of Shahbagh Police Station.
Those detained were Zafar Hossain, president of a left-leaning party Naya Gonotantrik Gonomorcha, activist Zaki Sumon, and Mohiuddin and Dipa Mollik of the Jatiyo Mukti Council.
They were being held at Shahbagh Police Station, OC Abu Bakar said.
Police pick up a man in front of Jatiya Press Club for demonstrating against visiting Indian Prime Minister Narendra Modi.

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