India, Bangladesh ink MoU to provide financial assistance for development of Sylhet city

India and Bangladesh have signed a Memorandum of Understanding (MoU) for the sustainable development of Sylhet, a metropolitan city in northeastern Bangladesh with financial aid from India.
The signing of MoU comes after Indian Foreign Secretary S. Jaishankar’s visit to Bangladesh to discuss preparatory aspects of PM Sheikh Hasina’s proposed visit to India in April 2017 and other aspects of bilateral relations.

Key Facts

• Under the MoU, three projects construction of six-storeyed Cleaner Colony Building and Development of Dhupa Dighipar area, a five-storeyed Kindergarten and High School Building.
• The signing of MoU was the follow-up of an earlier MoU which was signed between both countries in April 2013 for implementation of sustainable development projects in socio-economic sectors of Bangladesh.
• India will also carry out similar sustainable development projects for Rajshahi under a MoU signed recently in this regard.
• India also sanctioned an amount of Taka (currency of Bangladesh) 120 million for the sustainable development of Khulna city. MoU in this regard will be signed shortly.

Sylhet is an ancient city and a historically vibrant city. It part of the former Assam province of India before Independence. It was focal point for 1971 Bangladesh Liberation War between India and Pakistan. It is a also hub of commercial activities.

Month: Current Affairs - February, 2017