Cabinet nod for India-Bangladesh pact in hydrocarbon sector
The Union Cabinet approved signing an agreement with the Bangladesh government for cooperation in the hydrocarbon sector.
The non-binding Framework of Understanding (FoU) on Cooperation in Hydrocarbon sector will be valid for five years, according to an official statement.
“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.