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India to give Bangladesh Tk 360b as loan

MNA Business Desk: India is set to give Bangladesh a large volume of loan, Line of Credit (LoC). India will provide Tk360billion as loan which will be used to implement 17 projects.

The projects include the construction of infrastructure for Rooppur Nuclear Power Plant, multipurpose container terminal of Paira Port, and establishing economic zones.

Bangladesh will sign Tk 360 billion third Line of Credit (LoC) agreement with India on Wednesday in presence of finance minister AMA Muhith and Indian finance and corporate affairs minister Arun Jaitley.

Economic Relations Division (ERD) and Indian EXIM Bank will ink the agreement on behalf of their respective sides at the finance ministry in the capital.

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