Connect with us


Bangladesh Biggest Beneficiary of India-China Economic Rivalry



China has forced India to invest and take a keen interest in nations like Nepal, Bangladesh, Sri Lanka, Bhutan, Maldives – that Delhi once considered as its backyard and not much of a strategic value. With China looking to increase its footprints globally, India has intensified its development assistance to South Asian neighbours and Bangladesh has been the biggest beneficiary.

Vital India-Nepal Railway Project From Janakpur to Jayanagar on Track
India Will Get Full Access To Hambantota Port in Sri Lanka: PM 
India Further Augments Aid To Bhutan; Makes No Entry For China

A wide range of projects, including $300-million Afghan-India Friendship Dam and Rooppur nuclear power plant in Bangladesh have benefited from lines of credit with low-interest rates offered by the Modi government.

Out of lines of credit worth $25 billion given to 61 countries around the world since 2012, almost $11.6 billion or 46% has gone to India’s neighbours, according to sources.

Aid worth $4.2 billion has been provided to SAARC nations, excluding Pakistan, and Myanmar since 2013-14, compared to $1.67 billion in grants for these countries between 2008 and 2013.

This has resulted in a push for railway links with Nepal and Bangladesh, and railway projects within Myanmar. The railway link between Nepal’s Janakpur and Jaynagar in Bihar is expected to be operational soon. India recently also supplied 18 locomotives to Myanmar as part of a $679-million assistance package.

In Afghanistan, after completing the Afghan-India Friendship Dam and the Parliament building, India is set to develop Shahtoot dam in the Kabul river basin, a project to supply much-needed drinking water to the Afghan capital.

Another focus area in Afghanistan is small development projects, worth $1 million or less, with 560 such ranging from schools to health centres and women’s vocational training centres, already being launched in all 34 provinces of the country. A total of $200 million has been committed for these projects.

Bangladesh has been the biggest recipient of lines of credit, having amassed $7.86 billion, a majority of it in the past four years. Much of the funds are meant for connectivity and infrastructure projects such as ports, railway lines and roads. India is now set to begin tendering for the transmission and distribution network for the 2.4 GWe Rooppur nuclear power plant being built in northwest Bangladesh jointly by India and Russia.

The Indian assistance, however, is overshadowed by the billions of dollars pumped in by China. Beijing does not publicise official figures for loans and assistance, though figures from the American Enterprise Institute revealed that between 2012 and 2018, China invested $8.06 billion in Myanmar, $43 billion in Bangladesh, $20 billion in Sri Lanka, $5.45 billion in Nepal and $420 million in Afghanistan.

More News at EurAsian Times




s400-russia s400-russia
Featured51 mins ago

Third Batch Of Lethal S-400 Triumf Missile Defence Systems Delivered To Russia

Almaz-Antey Air and Space Defense Corporation JSC delivered the third batch S-400 Triumf missile defence system to the Russian Ministry...

Cold-War Cold-War
Americas1 hour ago

Who Is Winning The Race Between US, Russia & China To Develop World’s First Sixth-Gen Fighter Jet?

So far, the US is the only country to develop, operate and sell its fifth-generation fighter jets, while China and...

sukhoi-su-35 sukhoi-su-35
Featured6 hours ago

Setback For Su-30 As Russian Su-35 Jet Shoots It Down After An Intense Dogfight

In a bizarre incident that happened over the Russian skies on Tuesday, a Russian Su-35S fighter jet reportedly shot-down Su-30SM...

Gangayaan-ISRO Gangayaan-ISRO
Featured8 hours ago

ISRO’ Satellite Communications Attacked By Chinese Hackers – CASI Report

While concerns over China’s increasing space warfare capabilities have been highlighted in a recent Pentagon report, another U.S. think-tank has...

Featured10 hours ago

India Tests Powerful Short Range Prithvi-II Missile Amid Soaring Tensions With China, Pakistan

The Defence Research and Development Organisation (DRDO) of India has successfully test-fired the indigenous Prithvi – II missile, the third...

jet jet
Europe10 hours ago

Doors Still Open For India To Co-Develop ‘Tempest’ Sixth-Gen Fighter Jet With The UK

In 2007, India and Russia had agreed to jointly build a fifth-generation fighter jet called Sukhoi/HAL Fifth Generation Fighter Aircraft (FGFA)...

rafale-jets rafale-jets
Featured14 hours ago

36 More Rafales: France Wants India To Order More Rafale Jets For DRDO To Acquire Aero-Engine Tech?

As Indian netizens have widely celebrated the arrival of 4.5 generation Rafale jets and the Indian media threatening Pakistan and...

dalai-lama dalai-lama
Americas16 hours ago

After Xinjiang, China Pushing Tibetans Into Forced Labour, Re-Education Camps

China is allegedly pushing Tibetans into military-style labour camps similar to the ones in Xinjiang, according to a Reuters report....

Saudi-Israel Saudi-Israel
Featured1 day ago

Saudi Arabia Fully Supports US’ Efforts To Get Israel, Palestine On Negotiating Table – King Salman

King Salman bin Abdulaziz on Wednesday said that Saudi Arabia supports Washington’s efforts to bring the Palestinian and Israeli sides...

Americas1 day ago

Pentagon Blew COVID-19 Funds To Buy Military Equipment; ArcelorMittal, Rolls-Royce Awarded Big Contacts

Pentagon blew up $1 billion appropriated for the pandemic by the Congress to finance military equipment including jet engine parts,...