Bangladesh betrays India again, cancels Rs 1800000000 of…, Muhammad Yunus gets closer to China by signing…

Sheikh Hasina’s government stepped down last year and she had shifted to India. The protest against the government was going on for several months. After her regime,the new government under the leadership of Muhammad Yunus was formed in Bangladesh. However after this development India’s ties with Bangladesh were affected. The new government made more ties with China by signing deals of $2.1 billion. 

India and Bangladesh Relations

The divide between India and China can be seen with recents action by both the countries. Last week, India blocked $770 million (around Rs 6,600 crore) of imports from Bangladesh which was around 42% of Bangladesh’s exports to India.

Bangladesh also stopped importing Indian yarn, rice, and other goods. Bangladesh has also imposed transit fees on Indian cargo.

Bangladesh Cancel Order From India

Bangladesh’s now cancelled order of Rs 180 crore, was given by the Directorate General Defense Purchase with India’s state-owned Garden Reach Shipbuilders and Engineers Limited (GRSE). The order was for a modern maritime vessel, 61 meters long and 15.8 meters wide with a speed of at least 13 knots. The ship was supposed to be delivered within 24 months.

GRSE’s Background 

Garden Reach Shipbuilders and Engineers (GRSE) is from Kolkata and builds and repairs commercial and naval ships. GRSE’s shares closed at Rs 2,500.5 on Wednesday with 4.43% increase. Year-to-date, the company’s shares increased by 54.7%, and in the last 12 months, they grew by 109.6%. In Q4 FY2025, GRSE’s net profit of the company increased by 118% year-on-year.

After Sheikh Hasina’s resignation, Muhammad Yunus’s interim government has been developing a good relationship with China.

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