India-Bangladesh to set up monitoring committee to review project implementation

India-Bangladesh to set up monitoring committee to review project implementation

   Kautilya Academy    30-09-2020

India and Bangladesh have agreed to set up a ‘High Level Monitoring Committee’  to regularly review the progress of implementation of projects which are being run with Line of Credit (Loc) provided by India. The committee would be headed by the Secretary, Economic Relations Division of Bangladesh and High Commissioner of India in Bangladesh.


Highlights


  •  The decision was taken during the 6th meeting of the Joint Consultative Commission (JCC) held on a virtual platform.
  • The meeting was chaired by External Affairs Minister Dr. S. Jaishankar and Foreign Minister of Bangladesh Dr. A.K. Abdul Momen jointly.
  • India has assured Bangladesh that it will expedite the investment proposal from Bangladesh in case they face delays in approval.
  • Bangladesh has invited investment from the top investor of India that will encourage potential investors to invest in Bangladesh.
  • Both sides agreed to hold the next meeting of the Annual Defence Dialogue in November.
  • Both sides also agreed to strengthen the Coordinated Border Management Plan (CBMP) in order to bring such incidents to zero.

Bangladesh’s Requests


  • Bangladesh in the meeting also urged an early implementation of the Defence Line of Credit.
  • To facilitate the travel of certain travelers, both countries agreed to initiate ‘air travel bubble’ flights. However, Bangladesh sought resumption of regular travel through the land ports at the earliest.
  • The Foreign Minister of Bangladesh has also requested India to resume granting of visas to the Bangladeshi nationals including medical patients, students, and business persons.

India’s stand


  • The External Affairs Minister emphasized the importance of Bangladesh in India’s ‘Neighborhood First’ policy.
  • India has also directed officials to expedite the exchange of required information related to Phase-III testing, vaccine distribution, co-production, and delivery in Bangladesh.

Rohingya Issue


India and Bangladesh have also reiterated the importance of safe, speedy, and sustainable return of the displaced persons from the Rakhine state of Myanmar. Bangladesh said that delay in resolving the issue of Rohingyas might lead to the emergence of radicalism which would disrupt the peace and stability in the region.




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