Indo-Bangla Friendship Pipeline
Source : PIB
GS II : Important International institutions, agencies and fora- their structure, mandate
What is discussed under Indo-Bangla Friendship Pipeline?
- About the Order
- How it helps
Why in News ?
The ambitious 130-km long Indo-Bangla Friendship Pipeline (IBFPL), constructed at a cost of ₹377.08 crore, is likely to be commissioned by next month, official sources.
Key Facts
- The international oil pipeline, IBFPL, will carry fuel from Assam-based Numaligarh Refinery Limited’s (NRL) marketing terminal at Siliguri
Photo by SELİM ARDA ERYILMAZ on Unsplash in West Bengal to the Parbatipur depot of Bangladesh Petroleum Corporation (BPC).
- This project cost a total of Rs. 346 crore.
- This 130 km pipeline, now under construction, will have a 1 million metric tonne annual capacity.
- Following the official inauguration in March 2020, the pipeline’s construction got under way.
- The Bangladeshi Meghna Petroleum Limited and the Indian Numaligarh Refinery Limited are working together to complete the project.
- Bangladesh would first purchase about 2.5 lakh tonnes of diesel.
- The following years will see a rise of 4 to 5 lakh tonnes.
- According to the agreement, Bangladesh would import diesel for 15 years starting on the first day of supply.
India Bangladesh Relation
Diplomatic
- Diplomatic relations between the two countries formally began in 1971.
- 6 December Bangladesh and India celebrate Friendship Day in order to commemorating India’s recognition of Bangladesh and the continued friendship between the two countries.
- Bangladesh accounted for the largest share of foreign tourist arrivals in India in 2020.
Economical
- Bangladesh is the 6th largest trade partner of India.
- Bilateral trade between two countries has jumped to USD 18.2 billion in 2021-22.
Geographical
- India and Bangladesh share 54 common rivers.
- India and Bangladesh share 4096.7 Km. of border, which touches Assam, Tripura, Mizoram, Meghalaya and West Bengal.
International Forums
- South Asian Association for Regional Cooperation (SAARC)
- Bay of Bengal Initiative for Multi-Sectoral Technical and Economic Cooperation (BIMSTEC)
- Indian Ocean Rim Association for Regional Cooperation (IORA)
Various Pacts
- Kushiyara Pact : Signed that will benefit people in Southern Assam and the Sylhet region in Bangladesh.
- Framework of Understanding (FOU) on Cooperation in the Hydrocarbon Sector.
- Agartala-Akhaura Rail-Link will be the first rail route between Northeast India and Bangladesh.
Factors affecting the relation
- Teesta River Dispute
- Farakka Barrage Dispute
- Illegal Migration and Insurgency
- Sharing River Water
- China Factor
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