India started supplying 100 MW power from Tripura's Palatana to Comilla while Bangladesh launched supply of 10 GBPS bandwidth from Cox's Bazar to Agartala.
"In this age of interdependence, the two countries would further strengthen its ties and it is a significant day that both are promoting the ways of development," Modi said during the programme organised via video-conferencing.
Hasina said that "the relation between the countries has further consolidated through the supply of power and Internet bandwidth."
He was referring to 'Bangabandhu' Sheikh Mujibur Rahman, the founding leader of Bangladesh and the father of Prime Minister Hasina.
The eight north-eastern states would be immensely benefited with the opening of the third international Internet gateway, Modi said, adding that Bangladesh, India, Nepal and Bhutan have made considerable development in road links.
"Now India and Bangladesh is connected through water, surface communication and air. We want to be connected with Bangladesh though space also," Modi said.
Modi also congratulated India and Bangladesh cricket teams for their World Twenty20 tie in Bengaluru.
Hasina described "interconnectivity" as the "next frontier" of bilateral cooperation with India.
"It's not only physical connectivity that we want to achieve, rather connectivity of all types -- virtual connectivity, connectivity of minds, knowledge, ideas and peoples (which we want to attain)," she said.
"Today is yet another important and happy occasion in Bangladesh-India relations...Exchanging electricity and (Internet) bandwidth is a 'fine display' of mutuality of our relationship," the Bangladeshi Premier said.
"We have agreed on the BBIN framework for sub-regional cooperation in road-rail networks, power grids and power trading to begin with. Under this, we are in the process of identifying hydropower projects in Bhutan and Nepal for joint development and investment," she said.
(Reopens FGN 20)
Modi, while speaking on the occasion, said, "The two countries have set an example (before the world) that how to maintain relations with the neighbours and what could be the path for establishing an interdependent world."
The supply of 100 MW power from Tripura is in line with the decision taken at the 7th Joint Working Group meeting on Power in April in response to Bangladesh's goodwill gesture of allowing transport of over-oversized cargo during the construction of the Palatana power plant in Tripura in 2011.
India's state-run Power Grid Corporation of India Limited (PGCIL) erected 400 KV d/c line from Agartala's Suryamaninagar to the Indian border while Powergrid Corporation of Bangladesh Ltd built the transmission line from the border point to Comilla.
On the other hand, the bandwidth connection came as Bharat Sanchar Nigam Limited (BSNL) and Bangladesh Submarine Cable Company Limited (BSCCL) signed an agreement for leasing of international bandwidth for Internet at Akhaura during Modi's 2015 Dhaka visit, officials said.
India is already supplying 500 MW of power to Bangladesh through the Bahrampur-Bheramara inter-connection and supply of another 500 MW through the same interconnection was also announced during Modi's 2015 visit.
In addition, India's NTPC and Bangladesh' BPDB has entered into a Joint venture (BIFPCL) for commissioning of the 1320 MW Rampal power project for which India's BHEL has been recently identified as the Engineering, Procurement and Construction (EPC) contractor.
Indian High Commissioner in Dhaka Harsh Vardhan Shringla and senior officials of the concerned ministries were among those present.
Hasina, in her speech, said, "We always remember India's cooperation during the liberation movement in 1971."
On power supply, she said during her visit to Tripura in 2012, she discussed the matter of getting power from the state's Palatana project.
Hasina said her country was getting 500 MW power from India now and both the countries made considerable development in the field of cooperation through roads, railways and power.
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