Foreign Minister Dipu Moni visits New Delhi; Indian company to build a complete set of dredging equipment for Mongla Port Authority
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  • Foreign Minister Dipu Moni made a three-day visit to New Delhi on July 25, 2013. During her visit, Ms. Moni met Prime Minister Manmohan Singh and Leader of the Opposition in Rajya Sabha Arun Jaitley and discussed land boundary agreement. Manmohan Singh assured the minister that India would do nothing to harm Bangladesh’s interests on the issue of waters, but gave no indication when the much-expected Teesta water-sharing deal would be signed. However, Arun Jaitley did not give any categorical assurance that his party would support this agreement. 1

    In another development, according to reports, Western Marine Shipyard will provide technical support to Goa-based Timblo Drydocks in building a complete set of dredging equipment for Mongla Port Authority. The $8.5 million deal was signed at the headquarters of Mongla Port Authority in Mongla. One 18-inch cutter suction dredger, one 12-ton BP tugboat, one crane boat, one crew house boat, one officer’s house boat with other accessories will have to be delivered to Mongla Port Authority in 18 months. The project is a part of the soft loan finance scheme of $1 billion that the Indian government sanctioned to Bangladesh. The credit has been sanctioned at 0.59 percent rate of interest for trade enhancement of both the countries and also allowed Timblo Drydocks, an Indian origin shipyard, to get involved with the project to improve trade between Bangladesh and India. 2