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The trade at border haats is permitted to be carried out either on a barter basis or in Indian Rupees and the currency of country with which border is shared, for example, Indian Rupee and Bangladesh Taka on India-Bangladesh border. Data of barter trade is maintained by the Haat Management Committee of the respective border haat.
Banglabandha (also spelled Banglabandh) is a major inland port in northern Bangladesh established to provide a trade link with India, Nepal and Bhutan. [1] The three nations are separated by 52 km (32 mi) of Indian territory, known as the Siliguri Corridor.
Atlas Bangladesh Limited was established in 1966 by Shirazi Group with support from Honda Motor Company Limited. [3] [4] After the independence of Bangladesh, the company was nationalised by the Government of Bangladesh. In 1987, the company was converted to a Public Limited Company. [3]
India shares land borders with six sovereign nations. The state's Ministry of Home Affairs also recognizes a 106 kilometres (66 mi) land border with a seventh nation, Afghanistan, as part of its claim on the Kashmir region; however, this is disputed and the region bordering Afghanistan has been administered by Pakistan as part of Gilgit-Baltistan since 1947 (see Durand Line).
The Bangladesh, China, India and Myanmar Economic Corridor (BCIM) was a proposed road, rail, water and air link connecting India and China through Myanmar and Bangladesh as a corridor. [ 2 ] [ 3 ] In 2015, China proposed including the corridor as part of its vision for the Belt and Road Initiative , China's signature global connectivity initiative.
The Radcliffe Line was published on 17 August 1947 as a boundary demarcation line between the dominions of India and Pakistan upon the partition of India.It was named after its architect, Sir Cyril Radcliffe, who, as chairman of the Border Commissions, was charged with equitably dividing 450,000 square kilometres (175,000 sq mi) of territory with 88 million people based on religious lines. [2]
Bangladesh-India bilateral trade was over US$10 billion in 2018–19. [51] [52] Bilateral trade between India and Bangladesh stood at US$6.6 billion in 2013–14 with India's exports at US$6.1 billion and imports from Bangladesh at US$462 million, representing more than double the value of US$2.7 billion five years ago. [53]
In contrast, India's border with Myanmar is porous and the 2021 military coup in Myanmar saw an influx of refugees seeking asylum in border states including Mizoram. [97] The refoulement of Rohingya refugees is a contentious aspect of India's border control policy vis à vis Myanmar. [98]