India allocates Rs 200cr for Bangladesh LOC projects Gautam Lahiri from

New Delhi

2 February, 2021 12:00 AM printer

Indian annual budget for FY 2021-22 has allocated Rs 200 crores for ongoing infrastructure projects of Bangladesh.

Finance Minister Nirmala Sithraman presented annual budget before the Parliament on Monday. Allocated amount of this year is same as the previous year.

Actually the money spent was Rs 125 crores. As the allocated money was not spent, they kept the same amount for this financial year, finance ministry explained.

Sources at the Ministry of External Affairs say that some of the projects are being delayed for different reasons. 'We are hopeful that allocated money will be utilised in this financial year. "

India and Bangladesh have already formed a high-powered committee headed by Indian High Commissioner in Dhaka Vikram Kumar Doraiswami.

Economic Relations Division of Bangladesh monitors LOC projects. On January 29, the both countries held Foreign Office Consultation  meeting. Bangladesh Foreign Secretary Masud Bin Momen and his Indian counterpart Harsh Vardhan Shringla co-chaired the meeting.

The meeting discussed the progress in ongoing projects. After the meeting, statement issued by MEA said both sides noted the importance of the LOC and bilateral development partnership.