India-Bangladesh Friendship Pipeline likely to be launched in 2022

24 Dec 2021 CW Team

The India-Bangladesh Friendship Pipeline Project (IBFPP) worth Rs 346 crore, inked in 2018, will link Siliguri in West Bengal in India and Parbatipur in Dinajpur district of Bangladesh. The 130 km oil pipeline capacity will be one million metric tonnes per annum.

The IBFPP will ship fuel from Assam-based Numaligarh Refinery Limited (NRL) through the Siliguri Marketing Terminal to Bangladesh.

Shringla said that there has been a constant growth in bilateral trade between the two nations. Last year, there was a year on year growth of 14%, which is a very promising figure to achieve.

Bangladesh’s exports to India touched the billion-dollar mark and it continues to grow on a regular basis, he said, adding that the two sides are additionally in discussions for a Comprehensive Economic Partnership Agreement. He said that there has been a good improvement on lines of credit.

Bangladesh estimates for nearly a third of India's lines of credit; $10 billion is what India has given to Bangladesh in highly concessional credit terms. These lines of credit have added to improving their connectivity, developing infrastructure, not just in the border but in various parts of Bangladesh.

He said that connectivity constitutes an essential pillar of India-Bangladesh relations, as per a press release issued by Rashtrapati Bhavan.

President Kovind told the media that the two nations have much to achieve from their geographical proximity. He stated that there is a lot of scope in partnering in areas like space, nuclear technology, defence, pharmaceuticals and other advanced science and technology fields.

He said a formal ‘Comprehensive Economic Partnership Agreement’ would provide a vital boost to two-way trade.

Image Source

Foreign Secretary Harsh Vardhan Shringla told the media that the work on the India-Bangladesh Friendship Pipeline, a project that will allow the two nations to combine their energy requirements, is likely to be inaugurated in 2022. The India-Bangladesh Friendship Pipeline Project (IBFPP) worth Rs 346 crore, inked in 2018, will link Siliguri in West Bengal in India and Parbatipur in Dinajpur district of Bangladesh. The 130 km oil pipeline capacity will be one million metric tonnes per annum. The IBFPP will ship fuel from Assam-based Numaligarh Refinery Limited (NRL) through the Siliguri Marketing Terminal to Bangladesh. Shringla said that there has been a constant growth in bilateral trade between the two nations. Last year, there was a year on year growth of 14%, which is a very promising figure to achieve. Bangladesh’s exports to India touched the billion-dollar mark and it continues to grow on a regular basis, he said, adding that the two sides are additionally in discussions for a Comprehensive Economic Partnership Agreement. He said that there has been a good improvement on lines of credit. Bangladesh estimates for nearly a third of India's lines of credit; $10 billion is what India has given to Bangladesh in highly concessional credit terms. These lines of credit have added to improving their connectivity, developing infrastructure, not just in the border but in various parts of Bangladesh. He said that connectivity constitutes an essential pillar of India-Bangladesh relations, as per a press release issued by Rashtrapati Bhavan. President Kovind told the media that the two nations have much to achieve from their geographical proximity. He stated that there is a lot of scope in partnering in areas like space, nuclear technology, defence, pharmaceuticals and other advanced science and technology fields. He said a formal ‘Comprehensive Economic Partnership Agreement’ would provide a vital boost to two-way trade. Image Source

Building Material

11 Dec 2025

Suraj Estate Wins Euromoney Award for India’s Best Residential Developer

"Suraj Estate Developers Limited has received the Euromoney Real Estate Award 2025 for ‘India’s Best Residential Developer’, positioning the company among globally benchmarked leaders in the sector. The recognition reflects its four-decade legacy in delivering high-quality residential and redevelopment-led projects across South Central Mumbai. The Euromoney Real Estate Awards, presented by the London-based Euromoney magazine, are widely regarded as one of the most credible global assessments of performance in real estate, banking and finance. Winners are selected through surveys of inte..

Building Material

11 Dec 2025

Lloyds Metals, Tata Steel Sign MoU to Explore Strategic Collaboration

"Lloyds Metals and Energy Limited has signed a non-binding Memorandum of Understanding with Tata Steel Limited to evaluate potential areas of strategic cooperation across mining, logistics, pelletisation and steelmaking. The MoU was signed by B Prabhakaran, Managing Director of Lloyds Metals, and Mr T V Narendran, CEO and Managing Director of Tata Steel. The partnership framework aims to leverage the natural operational synergies between both companies and assess opportunities in greenfield steel projects, iron ore mining, slurry pipeline infrastructure, pellet manufacturing in iron ore–ric..

Building Material

11 Dec 2025

IndiaAI, Gujarat Govt Host Regional Conclave Ahead of 2026 AI Summit

The IndiaAI Mission under the Ministry of Electronics and Information Technology, along with the Government of Gujarat and IIT Gandhinagar, convened a Regional Pre-Summit Event at Mahatma Mandir, Gandhinagar. The initiative is part of the build-up to the India–AI Impact Summit 2026, scheduled for 15–20 February 2026 at Bharat Mandapam, New Delhi. The conclave brought together senior policymakers, technology leaders, researchers and industry practitioners to examine how AI can accelerate economic, digital and social transformation across sectors. The programme focused on the overarching th..