{"id":33605,"date":"2023-03-19T01:28:15","date_gmt":"2023-03-18T19:58:15","guid":{"rendered":"https:\/\/vajiramandravi.com\/current-affairs\/?p=33605"},"modified":"2025-04-19T23:54:07","modified_gmt":"2025-04-19T18:24:07","slug":"india-bangladesh-friendship-pipeline-ibfpl-2","status":"publish","type":"post","link":"https:\/\/vajiramandravi.com\/current-affairs\/india-bangladesh-friendship-pipeline-ibfpl-2\/","title":{"rendered":"India-Bangladesh Friendship Pipeline (IBFPL)"},"content":{"rendered":"<h3><strong>What\u2019s in today\u2019s article?<\/strong><\/h3>\n<ul>\n<li><strong>Why in News?<\/strong><\/li>\n<li><strong>India-Bangladesh Friendship Pipeline (IBFPL)<\/strong><\/li>\n<li><strong>Significance of IBFPL<\/strong><\/li>\n<\/ul>\n<p><strong>\u00a0<\/strong><\/p>\n<h2><strong>Why in News?<\/strong><\/h2>\n<ul>\n<li>Prime Minister Narendra Modi and Bangladesh Prime Minister Sheikh Hasina jointly inaugurated the India \u2013 Bangladesh Friendship Pipeline via video-conferencing.<\/li>\n<\/ul>\n<p>&nbsp;<\/p>\n<h2><strong>India-Bangladesh Friendship Pipeline (IBFPL)<\/strong><\/h2>\n<p>&nbsp;<\/p>\n<p><img decoding=\"async\" src=\"https:\/\/lh5.googleusercontent.com\/BkoYbf0vZAp9XX0XJTnqpjNB5AMLWpVqJP70eX5Q3MovmI5HAfwbqO1KMDGy-yjIHYFT03wnxJ6BWb6SzfApL5oVCX4dhZzxn1lBPqpoRu_xR8YfQcqaVYOnljCu0OF5EwK19SopNC5T\" alt=\"\" \/><\/p>\n<p>Image Caption: IBFPL<\/p>\n<ul>\n<li>The IBFPL is a <strong>131.5 kilometre long oil pipeline<\/strong> connecting <strong>Siliguri<\/strong> in North Bengal to <strong>Parbatipur<\/strong> in Bangladesh\u2019s Dinajpur province.<\/li>\n<li>The construction of the project started in 2018 with the help of India&#8217;s grant funding.<\/li>\n<li>The pipeline will <i><strong>carry one million tonnes of high-speed diesel<\/strong><\/i> from Numaligarh refinery in Assam to Bangladesh Petroleum Corporation\u2019s Parbatipur depot.<\/li>\n<li>The pipeline, built at a cost of <strong>Rs. 377 crore<\/strong>, is part of energy sector cooperation between the two neighbouring countries through which <i><strong>Bangladesh will import petroleum, especially diesel from India<\/strong><\/i>.<\/li>\n<li>The supply will start on an experimental basis in June this year.<\/li>\n<li>The fuel transport <i><strong>deal will be effective for 15 years with an option for further extension<\/strong><\/i>.<\/li>\n<\/ul>\n<p>&nbsp;<\/p>\n<h2><strong>Significance of IBFPL<\/strong><\/h2>\n<ul>\n<li><strong>Bangladesh\u2019s rising energy demands \u2013<\/strong>\n<ul>\n<li>Bangladesh faces a major energy crisis that threatens to hobble its growth.<\/li>\n<li>In early October last year, <i><strong>Bangladesh suffered a grid failure that left nearly 80 per cent of the country without power<\/strong><\/i>.<\/li>\n<li>Due to daily power outages, many industrial units in Bangladesh reported a fall in production by up to 50 per cent last year.<\/li>\n<li>The energy crisis in Bangladesh, which is an energy-deficit country, was intensified by the <strong>conflict between Russia and Ukraine<\/strong>, and the consequent exponential increase in oil and gas prices.<\/li>\n<li>Given this scenario, the <i><strong>IBFP will mark an important milestone in Bangladesh\u2019s quest to fully meet its energy needs<\/strong><\/i>.<\/li>\n<\/ul>\n<\/li>\n<li><strong>India\u2019s efforts to curtail China\u2019s influence \u2013<\/strong>\n<ul>\n<li>India\u2019s help to Bangladesh in meeting its energy needs is also <i><strong>aimed at offsetting that country\u2019s dependence on China, whose investments in Bangladesh\u2019s energy sector stand at US $ 8.31 billion<\/strong><\/i>.<\/li>\n<li>Beijing has offered to help Bangladesh\u2019s transition to renewable sources of energy. But Dhaka is wary of taking loans from China to set up power-generating plants.<\/li>\n<li>Bangladesh finance minister Mustafa Kamal had, a few months back, warned against China\u2019s lending policies that push countries into debt.<\/li>\n<li>India is also playing a key role in helping Bangladesh access clean and cheap energy from Bhutan and Nepal.\n<ul>\n<li>India has proposed expansion of power trade within the BBIN (Bangladesh, Bhutan, India, Nepal) framework and multilateral talks facilitated by the Indian government are currently on in this regard.<\/li>\n<\/ul>\n<\/li>\n<li>India has also <i><strong>promised to export power generated from its upcoming hydro-power projects in Sikkim and Arunachal Pradesh once these are commissioned<\/strong><\/i>.<\/li>\n<\/ul>\n<\/li>\n<li><strong>Economic Benefits \u2013<\/strong>\n<ul>\n<li>India will send 2 lakh tonnes of oil annually in the first three years, 3 lakh tonnes per annum in the next three years, 5 lakh tonnes annually in the next four years and 10 lakh tonnes annually afterwards<\/li>\n<li>The pipeline with India will cut the transportation cost of fuel oil for Bangladesh by 50%.<\/li>\n<li>It will also reduce the transportation time to just one hour as compared to the current situation of taking several days to transport diesel via wagons and trawlers.<\/li>\n<li>India will also benefit from it. India will earn revenue through this diesel export.<\/li>\n<\/ul>\n<\/li>\n<li>This is the <i><strong>first cross-border energy pipeline between India and Bangladesh<\/strong><\/i>.<\/li>\n<li>The India-Bangladesh Friendship Pipeline is, thus, a major milestone in India\u2019s efforts to help Bangladesh tide over its energy crisis.<\/li>\n<li>It is also part of New Delhi\u2019s efforts to counter China\u2019s influence over countries in the neighborhood.<\/li>\n<\/ul>\n<p>&nbsp;<\/p>\n<hr \/>\n<h3><strong>Q1) What is the trade value between India and Bangladesh?<\/strong><\/h3>\n<p>Exports from India to Bangladesh reached $16.15 billion in 2021-2022 while imports from Bangladesh stood at $1.97 billion in the same fiscal. Hence, India has a trade surplus with Bangladesh.<\/p>\n<p>&nbsp;<\/p>\n<h3><strong>Q2)<\/strong> <strong>How many states in India share border with Bangladesh?<\/strong><\/h3>\n<p>Bangladesh and India share a 4,096-kilometre-long international border, the fifth-longest land border in the world, including 262 km in Assam, 856 km in Tripura, 318 km in Mizoram, 443 km in Meghalaya, and 2,217 km in West Bengal.<\/p>\n<p>&nbsp;<\/p>\n<hr \/>\n<p><strong>Source:\u00a0<\/strong><a href=\"https:\/\/timesofindia.indiatimes.com\/india\/pm-modi-and-sheikh-hasina-launch-125km-long-india-bangladesh-friendship-pipeline-via-video-conferencing\/articleshow\/98756259.cms?from=mdr\" target=\"_blank\" rel=\"nofollow noopener\"><u>PM Modi and Sheikh Hasina launch &#8216;India-Bangladesh Friendship Pipeline&#8217;<\/u><\/a>\u00a0|\u00a0<a href=\"https:\/\/www.thehindu.com\/news\/international\/oil-pipeline-with-india-will-play-vital-role-in-ensuring-fuel-security-in-bangladesh-pm-hasina\/article66638164.ece\" target=\"_blank\" rel=\"nofollow noopener\"><u>Hindu<\/u><\/a> \u00a0<\/p>\n","protected":false},"excerpt":{"rendered":"<p>India-Bangladesh Friendship Pipeline is a 131.5 km long oil pipeline built at a cost of Rs 377 crore.<\/p>\n","protected":false},"author":5,"featured_media":33606,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[18],"tags":[],"class_list":{"0":"post-33605","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-upsc-mains-current-affairs","8":"no-featured-image-padding"},"acf":[],"_links":{"self":[{"href":"https:\/\/vajiramandravi.com\/current-affairs\/wp-json\/wp\/v2\/posts\/33605","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/vajiramandravi.com\/current-affairs\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/vajiramandravi.com\/current-affairs\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/vajiramandravi.com\/current-affairs\/wp-json\/wp\/v2\/users\/5"}],"replies":[{"embeddable":true,"href":"https:\/\/vajiramandravi.com\/current-affairs\/wp-json\/wp\/v2\/comments?post=33605"}],"version-history":[{"count":0,"href":"https:\/\/vajiramandravi.com\/current-affairs\/wp-json\/wp\/v2\/posts\/33605\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/vajiramandravi.com\/current-affairs\/wp-json\/wp\/v2\/media\/33606"}],"wp:attachment":[{"href":"https:\/\/vajiramandravi.com\/current-affairs\/wp-json\/wp\/v2\/media?parent=33605"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/vajiramandravi.com\/current-affairs\/wp-json\/wp\/v2\/categories?post=33605"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/vajiramandravi.com\/current-affairs\/wp-json\/wp\/v2\/tags?post=33605"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}