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    HomeNewsBusinessEconomyCabinet nod for India-Bangladesh pact in hydrocarbon sector

    Cabinet nod for India-Bangladesh pact in hydrocarbon sector

    The non-binding Framework of Understanding (FoU) on Cooperation in Hydrocarbon Sector will be valid for five years, an official statement said here.

    April 13, 2017 / 09:11 IST
    India's Prime Minister Narendra Modi waves with Bangladesh's Prime Minister Sheikh Hasina at Shahjalal International Airport in Dhaka June 6, 2015. Modi arrived in Dhaka for a two-day state visit to Bangladesh. REUTERS/Rafiqur Rahman

    The Union Cabinet approved signing an agreement with Bangladesh for cooperation in the hydrocarbon sector.

    The non-binding Framework of Understanding (FoU) on Cooperation in Hydrocarbon Sector will be valid for five years, an official statement said here.

    "The objective of the proposed FoU is to establish a cooperative institutional framework mechanism to facilitate and enhance India-Bangladesh bilateral cooperation in the hydrocarbon sector on the basis of equality and mutual benefit," it said.

    first published: Apr 13, 2017 08:57 am

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