New Delhi (02.07.2024): In the first major contract under a $500-million line of credit offered by New Delhi for defence purchases, Bangladesh Navy has inked a deal with Garden Reach Shipbuilders and Engineers (GRSE) for an 800-tonne ocean-going tug.
The agreement was signed in Dhaka on Sunday by representatives of the Bangladesh Navy’s directorate general of defence purchases and GRSE to coincide with a four-day visit by the Indian Navy chief, Admiral Dinesh K Tripathi, aimed at bolstering bilateral defence ties and to explore new avenues for naval cooperation.
The $500-million line of credit was operationalised last year and Bangladesh has used it to finalise a few minor deals with India for equipment such as bailey bridges and vehicles, people familiar with the matter said on condition of anonymity. During Bangladesh Prime Minister Sheikh Hasina’s visit to India last month, the two sides agreed to strengthen defence cooperation with a long-term perspective.
The deal will also be a fillip for Kolkata-based GRSE, which has stepped up its efforts to obtain export orders. Last month, it signed an agreement with Germany’s Carsten Rehder Schiffsmakler and Reederei GmbH & Co for building four multi-purpose vessels of 7,500 DWT each.
GRSE inks deal with Bangladesh Navy under $500-mn line of credit
By IndianMandarins - 2024-07-02 10:29:00
New Delhi (02.07.2024): In the first major contract under a $500-million line of credit offered by New Delhi for defence purchases, Bangladesh Navy has inked a deal with Garden Reach Shipbuilders and Engineers (GRSE) for an 800-tonne ocean-going tug.
The agreement was signed in Dhaka on Sunday by representatives of the Bangladesh Navy’s directorate general of defence purchases and GRSE to coincide with a four-day visit by the Indian Navy chief, Admiral Dinesh K Tripathi, aimed at bolstering bilateral defence ties and to explore new avenues for naval cooperation.
The $500-million line of credit was operationalised last year and Bangladesh has used it to finalise a few minor deals with India for equipment such as bailey bridges and vehicles, people familiar with the matter said on condition of anonymity. During Bangladesh Prime Minister Sheikh Hasina’s visit to India last month, the two sides agreed to strengthen defence cooperation with a long-term perspective.
The deal will also be a fillip for Kolkata-based GRSE, which has stepped up its efforts to obtain export orders. Last month, it signed an agreement with Germany’s Carsten Rehder Schiffsmakler and Reederei GmbH & Co for building four multi-purpose vessels of 7,500 DWT each.
