India announces $4.5 billion line of credit to Bangladesh

Three defence sector pacts were signed on various aspects of defence cooperation.

A deal between National Defence College in Dhaka and National Defence College in New Delhi was signed for enhancing cooperation in national security, development and strategic studies. India also extended a credit line of U.S. dollars 4.5 billion to Bangladesh to help it to implement development projects.

The Bangladesh prime minister arrived here on Friday on a four-day visit to India.

"I am very happy that the chief minister of West Bengal is my guest today".

About the bilateral cooperation in power and energy sectors, Hasina said she along with the Indian premier inaugurated the supply of additional 60MW power to Bangladesh from Tripura. "This mentality obstructs development in whole region", Modi said, adding that both India and Bangladesh were its victims.

While showering praise on Bangladesh, Prime Minister Narendra Modi on Saturday slammed another neighbour Pakistan in a veiled manner, saying it prefers "backstabbing over trust" and that its "mindset" is a roadblock to peace in the region. Without being selfish, we have wished good for the entire region. The war is the common factor in the histories of India, Bangladesh and Pakistan; and had altered the political map of South Asia permanently.

The new bus service will connect Bangladesh's capital Dhaka with West Bengal state capital city Kolkata.

Prime Minister Hasina will gift a a Rajshahi silk sari, a tea set, two kilograms of rosgolla and kalojam, one kilogram of sandesh and two kilograms of yogurt to Indian External Affairs Minister Sushma Swaraj.

The Indian premier and his Bangladesh counterpart Hasina expressed their views on Teesta deal during their post-summit press conference at the Hyderabad House in New Delhi Saturday noon.

"We have the greatest admiration for prime minister Sheikh Hasina's firm resolve in dealing with terrorism", he said.

After releasing a Hindi translation of Bangladesh's founder Sheikh Mujibur Rahman's autobiography, Modi said both countries would jointly produce a film on Mujibur Rahman and a documentary on the 1971 Liberation War. "A mindset that promotes terrorism, which has a value system which is not based on humanity, but on violence and extremism". "A prominent road has been named after him", Modi said. PM Modi thanked PM Hasina for her government's gesture of recognising the sacrifices made by 1,661 Indian armed forces personnel who laid down their lives in the Bangladesh liberation war in 1971.

Rahman was the father of Sheikh Hasina.

At the outset of his statement, Modi greeted the Bangladesh's people on the occasion Bangla Nabobarsho 1424 and described Sheikh Hasina's tour to have come "at an auspicious time, just before the advent of Pohela Boishakh".