Monday August 20, 2018
Home India Cabinet appro...

Cabinet approves MoU on setting up Indo-Bangla border haats

0
//
253
Republish
Reprint

New Delhi: In order to set up ‘border haats’ or ‘local markets’ on the confines of India-Bangladesh, a Memorandum of Understanding (MoU) between India and Bangladesh was approved by the union cabinet on Wednesday, an official statement said.

The small business centres aim at establishing a traditional system of marketing local produce through local markets in local currency or barter basis, thereby promoting the well-being of the people dwelling in remote areas across the boundary of the two countries.

Though not significant as a percentage of bilateral trade, these measures help to improve the economic well-being of marginalised sections of society.

An agreement was reached in 2010 to establish Border Haats at selected areas, including the Meghalaya border, to allow trade in specified products and in accordance with the regulations agreed and notified by both the governments.

To implement the same, a MoU and the mode of operation of the markets was signed on October 23, 2010. Subsequently, an addendum to the mode of operation was signed on May 15, 2012.

Border Haats are already operational at Kalaichar and Balat (Meghalaya-Bangladesh border), and Kamlasagar and Srinagar (Tripura-Bangladesh border).

In addition, both the governments agreed to further establish two Border Haats in Tripura and four Border Haats in Meghalaya on the India-Bangladesh border.

As per the MoU, new areas will also be identified for setting up of similar trade points. (Picture Courtesy:thequint.com)(IANS)

Click here for reuse options!
Copyright 2016 NewsGram

Next Story

India, Bangladesh have set example of building relationship: PM Modi

0
image: www.thedailystar.net

New Delhi, March 24: India and Bangladesh have set an example of how neighbouring countries can build a relationship with each other, said PM Narendra Modi on Wednesday.

“There was a time when Bangladesh was afflicted with pain and suffering,” Prime Minister Modi said while jointly inaugurating a power transmission line and an internet connectivity project between the two south Asian nations via video-conference with Bangladeshi Prime Minister Sheikh Hasina.

“Today Bangladesh is progressing to achieve greater heights. We are setting an example for the world how to build relationship with neighbours,” he said.

The new power transmission line will link Surjyamaninagar in Tripura with South Comilla in Bangladesh.

India will export 100 MW of electricity through this line.

The leasing of internet bandwidth from Akhaura in Bangladesh to Agartala, apart from helping the people of Tripura to avail more reliable internet connectivity, will also improve internet speed in the entire northeastern region.

India’s BSNL has leased 10 GBPS bandwidth of Bangladesh Submarine Cable Company Limited from its Cox’s Bazar internet port.

Prime Minister Modi said the power transmission to Bangladesh has provided yet another opportunity for the development of the south Asian nation.

Regarding the internet connectivity, he said this was an era of communication and it was an opportunity to strengthen the power of communication.

“Opening of the eastern gateway of digital world with Bangladesh in itself is a great opportunity of creating awareness for the youth, especially in the northeastern states of the country,” the prime minister said.

He highlighted the multiple channels of increased connectivity between the two countries in recent times, including road connectivity and digital connectivity.

Prime Minister Modi offered all support to Bangladesh for the launch of the Bangabandhu satellite. (IANS)

Next Story