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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]
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.
In 1985–86, the Hili customs station was established for export-import business between Bangladesh and India. Later in 1996, it was declared by the government a full-fledged customs station. In 2005, the government handed over the port for private management. In November 2007 Panama Hili Port Link Limited took lease the port for 25 years.
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]
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.
Border crossing of vehicles between Phulbari in India and Banglabandha in Bangladesh was inaugurated in January 2011. [8] Earlier, Nepal-Bangladesh transit through the border started in a limited manner in 1997. Goods-laden trucks from both sides cross the border and unload the goods at warehouses in the other country.
In September 2012, A joint venture deal was signed between Honda and Bangladesh Steel and Engineering Corporation to form Honda's first Bangladeshi subsidiary Bangladesh Honda Private Limited (BHL) . Honda has 70% stake in the joint venture. After then, Honda committed to set up a motorcycle manufacturing plant in the country.
The journey is 12.5 hours long, 80 km (50 mi) from India side and 300 km (186 mi) into Bangladesh. [2] From India to Bangladesh there are services also provided by private comfortable a/c buslines (using Volvo and other luxurious Intercity bus transports) via the Haridaspur, North 24 Parganas / Benapole border post.