Tuesday , July 23 2024

Bangladesh will take a loan of 1 billion dollars from China, not India, Sheikh Hasina announced in Parliament

Bangladesh Prime Minister Sheikh Hasina will visit India on 21 June this month. After the India visit, she may visit China in July. Bangladesh media reports are claiming that during this visit she may deal with China on the Teesta master plan.

Under the Teesta Master Plan, Bangladesh wants to curb floods and soil erosion and deal with the water crisis in summer. Along with this, Bangladesh wants to imprison the water of Teesta in a limited area by building a huge barrage so that we can use the land acquired there. For this project, China has agreed to give Bangladesh an amount of $ 1 billion as a cheap loan. However, India is also ready to give loan to Bangladesh. Last month, India's Foreign Secretary Vinay Kwatra expressed his desire to cooperate in the Teesta Master Plan during his visit to Dhaka.

Despite India's signals, Sheikh Hasina seems interested in taking a loan from China. Sheikh Hasina said in Parliament that Bangladesh is trying to take a loan on easy terms with China to implement the Teesta Master Plan. Experts say that China has been trying to give loan to Bangladesh for the Teesta Master Plan for a long time, but due to India's displeasure, it has not been able to do so till now. Now suddenly Bangladesh has accepted China's loan proposal. In such a situation, questions are arising whether Bangladesh has got India's consent for this or whether there has been any change in Bangladesh's policy.

According to experts, China has been trying to give loan to Bangladesh for Teesta Master Plan for a long time, but due to India's displeasure, it has not been able to do so till now. Now suddenly Bangladesh has accepted China's loan proposal. In such a situation, questions are arising whether Bangladesh has got India's consent for this or whether there has been any change in Bangladesh's policy.

It will not be easy for Bangladesh to work on the Teesta Master Plan without India's consent. Actually, for this, Bangladesh will have to sign the Teesta River Water Sharing Agreement with India. However, this is not so easy. In 2011, when the Congress government was in power, India was ready to sign the Teesta River Water Treaty, but due to Mamata Banerjee's displeasure, the Manmohan government had to step back.

When Narendra Modi became PM in 2014, a year later he went to Bangladesh with Bengal CM Mamata Banerjee. Meanwhile, both the leaders had assured Bangladesh of a consensus on the Teesta sharing, but despite 9 years having passed, the Teesta river water agreement has not been reached yet.