A Transformative Vision: India-Bangladesh Partnership for Regional Peace and Prosperity (2024)

Both nations acknowledge the interdependence of their progress and prosperity, committing to guide their bilateral ties towards realizing their respective national visions—India’s “Viksit Bharat 2047” and Bangladesh’s “Smart Bangladesh Vision 2041.”

In a historic step towards a deeper and more comprehensive relationship, the leaders of India and Bangladesh have articulated a shared vision aimed at fostering peace, prosperity, and development for their people and the entire region. Recognizing the immense potential of their partnership, the leaders have laid out a roadmap driven by connectivity, commerce, and collaboration. This vision outlines several key areas of cooperation and strategic alignment, signaling a new era of future-oriented partnership.

Interlinked Progress and Mutual Development Goals

Both nations acknowledge the interdependence of their progress and prosperity, committing to guide their bilateral ties towards realizing their respective national visions—India’s “Viksit Bharat 2047” and Bangladesh’s “Smart Bangladesh Vision 2041.” Bangladesh, situated at the crossroads of India’s “Neighbourhood First” and “Act East” policies, SAGAR doctrine, and Indo-Pacific vision, is seen as a pivotal partner in the development of India’s northeastern region. Conversely, India is viewed by Bangladesh as a crucial ally in its Neighborhood Foreign Policy, aimed at ensuring shared peace and prosperity.

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Enhancing Connectivity and Economic Integration

The shared vision emphasizes transforming geographical proximity into economic opportunities through multi-faceted connectivity. This includes physical infrastructure like multi-modal transport and cross-border trade, energy connectivity, and digital networks. A notable initiative is India’s extension of transit facilities for Bangladeshi goods to Nepal and Bhutan via rail. Additionally, the operationalization of the BBIN Motor Vehicle Agreement and new MoUs on railway connectivity will enhance sub-regional integration, promising seamless movement of goods and services.

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Power and Energy Collaboration

A significant component of this partnership is expanding power and energy cooperation, particularly in regional electricity trade. Both nations aim to expedite the construction of high-capacity interconnections, such as the 765 kV Katihar-Parbatipur-Bornagar line, to anchor grid connectivity. This collaboration will facilitate the trade of competitively priced power generated from clean energy projects in India, Nepal, and Bhutan, reinforcing the commitment to sustainable development.

Digital and Green Partnerships

Recognizing the transformative power of emerging technologies, India and Bangladesh are forging new paradigms through the “Shared Vision for India-Bangladesh Digital Partnership” and the “Shared Vision for India-Bangladesh Green Partnership for a Sustainable Future.” These initiatives will leverage digital and green technologies to drive economic growth, environmental conservation, and regional prosperity. Joint ventures in frontier technologies, including civil nuclear, oceanography, and space technology, are also on the agenda, with plans to develop and launch a small satellite for Bangladesh using Indian capabilities.

Strengthening Trade and Investment Linkages

To promote mutual prosperity, both countries will strengthen trade and investment ties, beginning with negotiations for a Comprehensive Economic Partnership Agreement (CEPA). The early operationalization of Special Economic Zones (SEZs) in Mongla and Mirsharai, along with the establishment of new border haats, will further enhance bilateral trade. Improved connectivity infrastructure across road, rail, air, and maritime routes will transform geographical proximity into tangible economic benefits.

Collaborative Water Resource Management

Water resource management remains a priority, with both nations committing to data exchange and formulating frameworks for interim water sharing, guided by the Joint Rivers Commission. Efforts will focus on the conservation and management of the Teesta River with Indian assistance, reflecting a commitment to sustainable and equitable resource utilization.

Cooperation and Regional Stability

The partnership aims to strengthen defence cooperation with a long-term perspective, aligning with the modernization plans of the Bangladesh Armed Forces. This includes exploring defence industrial cooperation and continuing multifaceted military engagements, such as joint exercises, training, and capability development.

Development Cooperation and Capacity Building

A new Framework Agreement for Development Partnership will expand the reach of joint projects and programs, aligned with the priorities of the Bangladeshi government and people. Capacity-building initiatives will extend to civil services, judicial officers, police, and other specialized services, fostering a robust and efficient administrative framework.

Cultural and People-to-People Ties

The rich cultural and historical heritage shared by India and Bangladesh will be nurtured through exchanges among Muktijoddhas, scholars, academics, artists, tourists, students, and youth. Support for Muktijoddhas and their families will be enhanced with new medical and educational programs, strengthening the bond between the two nations.

Facilitating Cross-Border Travel and Essential Commodities

To ease cross-border travel, India will extend e-Medical Visa facilities to Bangladeshi nationals seeking medical treatment in India. Additionally, the opening of a new Assistant High Commission in Rangpur will facilitate expeditious consular and visa services. India will also support Bangladesh with the supply of essential commodities based on availability.

Youth Development and Regional Integration

The partnership will prioritize youth development through education, skilling, entrepreneurship, technology, sports, and creative industries, responding to the aspirations of the younger generation for a better future. Both nations envision their relationship as a cornerstone for regional and sub-regional integration under BIMSTEC, SAARC, and IORA frameworks, working together on global platforms to promote common interests.

Commitment to a Free and Secure Indo-Pacific

Reiterating their commitment to a free, open, inclusive, secure, and rules-based Indo-Pacific region, India and Bangladesh will co-lead the ‘Disaster Risk Reduction and Management’ pillar of the Indo-Pacific Oceans Initiative. This collaboration aims to mitigate disaster risks, build resilient infrastructure, and sustain the shared maritime region.

A Transformative Vision: India-Bangladesh Partnership for Regional Peace and Prosperity (2024)

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