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"Signed joint interpretive note with Bangladesh today to update Bilateral Investment Promotion Agreement to our new investment framework," he said.
"We have stood by Bangladesh's attempts to develop and we will do so in the future. This significant agreement is a continuation of that effort," Jaitley said.
He said that India was determined to be a part of Bangladesh's economic development.
"For its own interest, India needs a strong, stable and developed Bangladesh. In the recent years, India granted $8 billion loan to Bangladesh in three stages and it is the highest amount of loan given to any country by India," he told reporters