PM for further integrating Bangladesh-India economies

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PM for further integrating Bangladesh-India economies
Prime Minister Sheikh Hasina today suggested further more integrating economies of Bangladesh and India to consolidate the global and regional worth chains.

"I believe both our countries can move up the global and regional benefit chains by further integrating our economies acquiring advantage of obtainable synergies," she informed her Indian counterpart Narendra Modi at an India-Bangladesh virtual summit.

Describing the ongoing online connectivity initiatives between the two neighbours since "catalysts" in this respect, the premier said, "A prime example is the resumption of Chilahati-Haldibari rail link which all of us will inaugurate today."

Sheikh Hasina led the Bangladesh delegation from her official Gono Bhaban home in Dhaka while Narendra Modi led the Indian delegation, joining the getting together with over the internet from New Delhi.

Turning to developing dependency of economies of the two friendly countries, she stated, "We happily recognise the developing mutual dependency of the economies of Bangladesh and India. A great number of Indian nationals are used in the making and provider sector of Bangladesh and so are remittance earners for India. Alternatively, India receives its highest number of tourists and medical people from Bangladesh."

The PM said that relations between Bangladesh and India have embarked on a landmark minute, adding, "Bangladesh and India have stepped into the 50th year of establishment of diplomatic relations."

"Further, we will be celebrating the 100th birth anniversary of Father of the country Bangabandhu Sheikh Mujibur Rahman. Only a few months ago, we concluded celebrations of the 150th birth anniversary of your Father of the country, Mahatma Gandhi," she explained.

"Found in Bangladesh, we released a special postal stamp as a good tag of tribute to Bapuji. I understand today we will be inaugurating a stamp released by the Postal Department of India in honour of Bangabandhu," she added.

Sheikh Hasina conveyed her sincere gratitude to the Indian premier and the Indian federal government for "so spontaneously approaching together to tag these important occasions" with joint celebrations. "We've chalked out joint programmes through the entire coming year in cities worldwide, to commemorate our inseparable linkages in Bangladesh's Liberation War of 1971."

"The crowning glory of our joint commemoration will be your existence in Dhaka for the celebrations about 26th March 2021," she said.

Sheikh Hasina recalled her previous ending up in Narendra Modi in October 2019 at the grand Hyderabad House in New Delhi, saying, "A good deal has changed since that time. The world has witnessed an upheaval and mankind's capability to counter the unfamiliar has been set to the test. An incredible number of lives have been shed, livelihoods destroyed, economies slowed down, societies disrupted."

"Possibly the starkest manifestation of the Covid-19 pandemic is that persons to persons contacts have been forced to a good standstill. Our hopes to welcome you in Dhaka before this year cannot be fulfilled," she continuing.

"Yet, I commend the way in which where concerned authorities about both sides took forward our bilateral cooperation during these trying times, according to directives of our previous Summit," she said.

Sheikh Hasina mentioned that throughout 2020 they witnessed numerous initiatives such as for example trade through rail routes, advanced visits and meetings, capacity-construction initiatives, the first trial function of Indian cargo from Kolkata to North-East India not to mention, cooperation on Covid-19.

Commending Narendra Modi designed for the manner where his government has countered the Covid-19 in another of the world's most affected and populated zones, this lady said, "Apart from the health care packages, the economic deals introduced under your initiative of 'Atmanirbhar Bharat' is admirable."

In Bangladesh as well, her federal government has introduced stimulus plans to the tune of 14.14 billion US dollars to offset the economical and social impacts of the pandemic, she said, adding that the federal government has expanded social safety-net coverage providing assist with more than 25 million persons since detection of the virus in early March.

Sheikh Hasina said extensive measures have been devote place to support the second wave of the pandemic. "Consequently, our economy has sustained an upward growth tendency, despite widespread disruptions in the overseas source chains and decline in consumer demand," she said.

She paid rich tribute to members of the Indian military martyred in the 1971 Liberation War and the government and people of India who extended their whole-hearted support for the cause of Bangladesh's liberation.
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