The eagerness to accelerate the development of its economy, Bangladesh has decided to build strong infrastructure facilities to import power from India. New avenues are likely to open up for a number of Indian firms and especially SMEs, with Bangladesh focusing on enhancing investments and making strategic expenditures to develop a robust power infrastructure.
The finance minister of Bangladesh has extended his consent to set aside 17 billion Taka from the annual budget for the purpose of building the requisite infrastructure to import 500 mega watts (mw) of electricity from India.
The greater import for power from India holds benefits for the Indian Government and also for a number of small scale Indian firms engaged in construction of power transmission lines and power equipment. The services of Indian SMEs will prove to be cost - effective and this will make Bangladesh look to hire more contractors from this segment to construct the necessary infrastructure.
The technical assistance and manpower from a number of Indian SMEs in the power sector will be hired by Bangladesh government in order to set up a transmission line from Berhampur in Orissa to Bheramara in Bangladesh and a sub-station with the help of the allocated funds.