Dhaka: India was working to resolve the issue of the Teesta river water sharing with Bangladesh and a bilateral treaty was expected to be signed soon in this regard on a ‘priority basis’, the country's newly-appointed envoy Pankaj Saran said here on Wednesday.

"The process of signing the pending Teesta Water Treaty is underway and it will be signed soon”, Saran said as he presented his credentials to President Zillur Rahman, according to a Presidential palace spokesman.

Saran said he joined his new assignment as a ‘special task’ to implement agreements and memoranda of understandings (MOUs) already signed between New Delhi and Dhaka.

The spokesman said the President welcomed the new Indian High Commissioner and termed India as ‘the closest and trusted friend of Bangladesh’.

Rahman expressed his satisfaction over the excellent bilateral relations, recalling 'with profound respect the contribution of the then Indian government and its people" to Bangladesh's 1971 independence, he said.

A contingent of President Guard Regiment of army offered a guard of honour to Saran at Bangabhaban Presidential palace.

Saran, who had earlier served as a diplomat here, presented the credentials a week after his arrival in Dhaka as the successor of Rajeet Mitter.

Bangladesh was expected to sign the Teesta water sharing deal with India during Prime Minister Manmohan Singh's Dhaka visit in September last year. Though India and Bangladesh inked a historic agreement on demarcation of land boundary and exchange of 162 adversely-held enclaves during Singh's visit, no deal was signed on sharing of Teesta waters.

All technicalities of an agreement on Teesta River were settled but West Bengal Chief Minister Mamata Banerjee's disagreement led to the deal's cancellation.