India announces $4.5 billion credit for Bangladesh projects

India announces $4.5 billion credit for Bangladesh projects

Prime Minister Narnendra Modi on Saturday said India had always stood for Bangladesh's prosperity and committed $500 million credit for the country's defence.

"India has always stood for the prosperity of Bangladesh and its people. We are a long-standing and trusted development partner of Bangladesh. India and Bangladesh are also determined that the fruits of our cooperation must reach our people," Modi said in a joint address to the media with visiting Bangladesh Prime Minister Sheikh Hasina.

Modi said India wanted to build cooperation in new areas with Bangladesh "especially in some high-technology sectors which would include working in the fields of electronics, IT, cyber security, space explorations and civil nuclear energy".