India may extend pact with Bangladesh on fisheries

India may extend an agreement with Bangladesh for co-operation in the field of fisheries and aquaculture, government said today.

A Memorandum of Understanding (MoU) was signed between India and Bangladesh in September, 2011 for the period of five years.

The Union Cabinet, chaired by Prime Minister Narendra Modi, was apprised about the MoU signed between India and Bangladesh in September, 2011 on bilateral cooperation in the field of fisheries and aquaculture and allied activities, according to an official statement.

"The MoU has strengthened the friendly relations between India and Bangladesh and promote development of cooperation in fisheries and aquaculture and allied sectors through mutually agreed activities and procedures," it said.

"The MoU will remain in force for a period of five years unless either of the Parties give prior written notice of at least six months in advance to the other party of its intention to terminate the MoU. This MoU could be extended for further period as may be mutually agreed upon," it added.