During Hasina's visit, which is her first after Modi assumed office in 2014, the two sides will be signing at least 25 pacts in various key sectors including civil nuclear cooperation and defence but any agreement on the Teesta water sharing is unlikely to be inked.
Modi and Hasina, who is staying at the Rashtrapati Bhawan, will hold comprehensive discussions tomorrow. India is also set to announce a line of credit of USD 500 million to Bangladesh for military supplies.
Officials here have said, "It will be a visit without water, indicating that a pact on Teesta river waters is not on the cards.
"The central government will not go ahead with the agreement on Teesta without taking West Bengal Chief Minister Mamata Banerjee on board and she has been opposing it stridently citing water crisis in the state."
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However, the two sides are looking at the inking of a framework agreement on civil nuclear energy which will provide for extensive cooperation in the sector including setting up of nuclear reactors in Bangladesh by India.
On Teesta pact, she said, "Teesta agreement remains a work in progress...We have not reached a closure on it."
The Teesta deal was set to be signed during the then Prime Minister Manmohan Singh's visit to Bangladesh in September 2011, but was postponed at the last minute due to objections by Banerjee.
Teesta water is crucial for Bangladesh especially in the leanest period from December to March when the water flow often temporarily comes down to less than 1,000 cusecs from 5,000 cusecs.
The West Bengal chief minister has accepted an invitation by the government to attend the launch of some projects between the two countries as well as a lunch to be hosted by Modi in honour of Hasina.
On the agreements, Ranganathan said another pact on formalising regular defence engagements will also be signed.
To boost trade, the two sides are likely to announce setting up of another set of trade facilitation huts along the borders in the northeastern region.
Minister of State for Heavy Industries and Public Enterprises Babul Supriyo is the minister-in-waiting for the Bangladesh PM.