India hands over 3rd tranche of USD 50 million grant to Bangla

India today handed over USD 50 million to Bangladesh as the third and final tranche of the USD 200 million grant committed by it.
Pankaj Saran, Indian High Commissioner to Dhaka, met Bangladesh Finance Minister A M A Muhith here and handed over a cheque of USD 50 million.
With this, India has completed the disbursement of USD 150 million (approximately Taka 1176 crore) grant assistance to Bangladesh, the Indian High Commission said in a statement.
Saran also briefed the Minister on the latest status of ongoing projects under the remaining USD 800 million Indian Line of Credit, which India was committed to implementing on a priority basis.

They also noted the success of the investor road shows organised in Mumbai, Chennai and Kolkata in June 2013 by the Board of Investment of Bangladesh, the statement said.
The road shows were organised in partnership with the Confederation of Indian Industry and the India-Bangladesh Chamber of Commerce and Industry in which MoUs amounting to almost USD 100 million were signed between companies from both the nations for investment in Bangladesh.