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India to invest $10 billion in Bangladesh, also offers $5 billion loan

Investments and credit will be used for development of several sectors including power, energy

bangladesh, sheikh, narendra, modi, hasina
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Prime Minister Narendra Modi shakesh hands with his Bangladeshi counterpart Sheikh Hasina

Reuters
India will invest up to $10 billion in Bangladeshi sectors including infrastructure and medicine and will provide $5 billion in loans, including $500 million in military assistance, Prime Minister Sheikh Hasina said on Tuesday.

Hasina returned to Bangladesh on Monday after a four-day state visit to India, leading a 280 member business delegation including 40 senior government officials and ministers.

"The offers of investment and loans were given by the Indian government and private entrepreneurs during my visit to New Delhi," she told reporters during a news conference.

"Both investments and credit will be used for the development of several sectors including power

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