"The USD 2 billion LOC (line of credit) is the biggest credit line India has so far extended to any country," said an Indian High Commission statement here as chairman and managing director of Exim Bank Yaduvendra Mathur signed the deal with senior secretary in Bangladesh's Economic Relations Division Mohammad Mesbahuddin.
The agreement was inked in line with Prime Minister Narendra Modi's announcement during his visit here in June, 2015 while Bangladeshi officials familiar with the process said this credit would be used in a wider range of areas including the social sector while the previous 2010 credit line was mostly concentrated on communication infrastructure.
"Bangladesh-India friendship now reached at its peak but we want to set it to a higher trajectory. The signing of the agreement is the manifestation of the friendship," Prime Minister Sheikh Hasina's principal secretary Abul Kalam Azad said at the signing ceremony.

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