India has extended 3 Lines of Credits to Bangladesh in the last 7 years amounting to US$ 8 billion. This makes Bangladesh the largest recipient of LOC funds from India till date.
During the visit of Bangladesh PM to India in January 2010, India had announced a US$1 billion Line of Credit (LOC) for Bangladesh covering projects in public transportation, roads, railways, bridges and inland waterways etc. Most of these projects have been completed and the remaining are at various stages of completion.
India had extended the second LOC of US$ 2 billion during the visit of Prime Minister Modi to Bangladesh ....
