[🇧🇩] Indo-Bangla Relation: India's Regional Ambition, Geopolitical Reality, and Strategic Options For Bangladesh

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[🇧🇩] Indo-Bangla Relation: India's Regional Ambition, Geopolitical Reality, and Strategic Options For Bangladesh
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G Bangladesh Defense Forum

Dhaka committed to boosting Indian Ocean partnership: foreign adviser

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Md Touhid Hossain. File photo

Bangladesh has reiterated its commitment to embracing the tremendous opportunities that the Indian Ocean region offers by strengthening partnerships.

"We are committed to strengthening our partnerships across the Indian Ocean, addressing emerging challenges, and embracing the tremendous opportunities this region offers," said Foreign Affairs Adviser Md Touhid Hossain today.

The multiple challenges and other geo-economic and geo-strategic factors require increased cooperation among the States, he said.

Hossain made the remarks while speaking at the plenary session titled "Strengthening Maritime Supply Chains: Overcoming Disruptions and Enhancing Resilience" as part of the 8th Indian Ocean Conference (IOC)-2025 in Muscat, Oman.

Sheikh Humaid Al Maani, Head of the Diplomatic Academy, MoFA, Oman chaired the session.

The foreign adviser said the Indian Ocean region is a crucial strategic area that links the Asia-Pacific and African regions, with profound economic, political and security significance.

The conference provided a platform for participants to engage in "constructive discussions, share ideas, exchange knowledge, identify actionable solutions, and build meaningful partnerships and cooperation" in the region.

"We look forward to working together to ensure a brighter, more prosperous future for all nations of the Indian Ocean and beyond," Adviser Touhid said.

As a littoral state, he said, Bangladesh has long been a centre of maritime activities and it actively participates in various regional platforms, including the Indian Ocean Rim Association and the International Seabed Authority.

The 8th Indian Ocean Conference is being held under the theme "Voyage of New Horizons of Maritime Partnership."

He said Bangladesh places strong importance on maritime cooperation for facilitating the efficient movement of goods, services and people and for advancing food security, energy security, water cooperation, disaster risk reduction and providing fair access to global public goods. Bangladesh advocates for "shared prosperity" through "shared responsibility".

Maritime transport is the main artery of global trade and maritime supply chains remain the backbone of the global economy, he added.

He said eighty percent of global trade by volume, and over seventy percent by value, is transported by sea and the Indian Ocean, the world's third-largest body of water, plays a crucial role in this global trade.

Approximately 80 percent of the world's seaborne oil trade transits through the strategic choke points of the Indian Ocean, making it a vital link between the East and the West.

"Countries depend on the Indian Ocean for the movement of goods through maritime trade routes, safeguarding their economic and energy interests. However, the sector is facing multifaceted challenges that endanger the efficiency, reliability, resilience and sustainability of maritime supply chains," he said.

Maritime supply chain is vulnerable to many challenges like port congestion, capacity limitations, regulatory, operational and administrative issues, cyberattacks, piracy, and geopolitical tensions, which can disrupt the efficiency of maritime supply chains.

"We must also remember that the oceans are not only a driving force for global economic growth but also a vital source of food security," Hossain said.

The oceans are facing growing pressures from population growth, global competition for resources, rising food demand, water scarcity, maritime security threats, climate change, biodiversity loss and marine pollution.

"We need to take appropriate actions to tackle the maritime security threats of piracy, armed robbery, human trafficking, illegal arms trade, and illegal and unregulated fishing, among others. We need to address regulatory and administrative issues," said the foreign adviser.

The global economy, food security, and energy supplies are at increasing risk due to vulnerabilities at key maritime routes, he noted.

"We must take measures to address vulnerabilities and enhance resilience," he said

Strengthening maritime supply chains involves a holistic approach combining technology, infrastructure improvements, strategic planning, risk management strategies and cross-border collaboration.

"We need to facilitate maritime connectivity, reduce the trade barriers," he said, adding that they also need to consider liberalisation of the visa regime, particularly easing visas and other administrative processes for the seafarers, ensuring facilities for them, as their roles are crucial in maintaining the maritime supply chain.

He said the Indian Ocean has historically been a region of great collaboration.

"The benefits of multilateral cooperation in maritime issues are likely to increase over time," Touhid said, adding that to ensure a resilient and improved shared future, it is essential for the countries in the Indian Ocean region to explore opportunities for mutual collaboration across all possible areas.

Each coastal nation should ensure that growth and prosperity in the Indian Ocean region, as well as the surrounding seas and bays, are built on mutual trust, respect.

All nations should understand the idea of equal interests, as all littoral states collaborate to develop together, he added.

"We also must prioritise conservation and the sustainable use of ocean and coastal resources to ensure that the use of these resources does not contribute to the decline in the health of oceanic and coastal environments," the foreign adviser said.​
 

Bangladeshis’ credit card spending drops in India
Staff Correspondent 16 February, 2025, 22:47

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A file photo shows a salesperson swiping credit card of a customer through a POS machine. | New Age photo

Credit card spending by Bangladeshis in India has been falling, while such expenditures in USA, Thailand and Singapore have been rising, according to central bank data.

Industry insiders attribute this shift to India’s restricted visa issuance, which has reduced the number of Bangladeshi patients and tourists visiting the country.

In December 2024, Bangladeshi credit card spending in India fell to Tk 40 crore from Tk 47.2 crore in November.

In contrast, Thailand and Singapore saw substantial increases.

Spending in Thailand reached Tk 64.8 crore in December, up from Tk 42 crore in September, making it the second-largest destination for Bangladeshi credit card transactions abroad.

Similarly, spending in Singapore rose to Tk 41.2 crore in December from Tk 30 crore in September.

Historically, India had been the top destination for Bangladeshi credit card spending abroad. From March 2023 to June 2024, India consistently held the top spot.

However, with the student quota reform protests in July—eventually turning into the movement that led to the fall of the Awami League-led government on August 5—the United States overtook India as the leading destination.

In July 2024, Bangladeshis spent Tk 79 crore in the USA, surpassing India’s Tk 73.2 crore.

By December 2024, the USA maintained the top position with Tk 74.3 crore in transactions, followed by Thailand (Tk 64.8 crore), Singapore (Tk 41.2 crore), and India (Tk 40 crore).

India’s share of total overseas credit card spending by Bangladeshis dropped from 19.95 per cent in December 2023 to just 8.13 per cent in December 2024.

India has traditionally been the most popular outbound destination for Bangladeshis, accounting for around 40 per cent of total travellers due to cultural ties, proximity, and easy visa access.

Following the political transition in August and the formation of the interim government, India scaled down its visa operations in Bangladesh, approving only medical and emergency cases under certain conditions.

As a result, many Bangladeshis seeking medical treatment or travel options have shifted to Thailand, Malaysia, and Singapore.

Tourists who previously visited Kolkata are now opting Thailand, Singapore, and Nepal instead.

Meanwhile, domestic credit card transactions in Bangladesh rose by 15.10 per cent in December, reaching Tk 3,215 crore from Tk 2,793 crore in November.

International credit card transactions also increased by 13.98 per cent, amounting to Tk 491.5 crore in December compared to Tk 431.2 crore in November.

Additionally, transactions involving foreign-issued credit cards used within Bangladesh saw an 18.90 per cent rise, climbing to Tk 240.9 crore in December from Tk 202.6 crore in November.​
 
কলকাতায় বাংলাদেশি পর্যটকের অভাবে দুরাবস্থা (Kolkata businesses are facing severe hardship due to the absence of Bangladeshi tourists)

 

Dhaka, Delhi agree to establish good working relations: Touhid
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Photo: BSS

Foreign Affairs Adviser Md Touhid Hossain today said both Dhaka and Delhi have agreed to establish good working relations by addressing the remaining challenges.

"We agreed that we need to reach a good working relationship," the adviser told reporters at the foreign ministry this afternoon, referring to his recent meeting with Indian External Affairs Minister S Jaishankar in Muscat, Oman.

He noted that trade between the two countries has regained momentum and is approaching previous levels, but some issues, such as visa-related challenges, still need to be resolved.

Responding to a query, the adviser said no specific challenges were identified during the discussion, but both sides acknowledged the need to overcome certain obstacles to further strengthen bilateral ties.

Touhid said he invited Jaishankar to visit Bangladesh, highlighting the existing foreign minister-level mechanism. The last foreign minister-level meeting took place in New Delhi.

He mentioned that Bangladesh would arrange Jaishankar's visit once a suitable date is set.

Regarding the extradition of ousted prime minister Sheikh Hasina, Hossain said no specific discussions were held on the matter, but general issues were discussed.

He said it is an independent issue, and Bangladesh requested Hasina's extradition following the court order.

About the pause in US funding, Touhid clarified that the funding cut is not a Bangladesh-specific issue.

He said Bangladesh needs to find ways to overcome the challenges posed by the cuts.

On the sidelines of the 8th Indian Ocean Conference (IOC), Adviser Touhid met Jaishankar in Muscat, Oman, on Sunday.

During the meeting, both leaders acknowledged the challenges in bilateral relations, underscoring the importance of working together to address them.​
 

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