During the visit, both the countries signed MoU for cooperation in the areas of Digital, Green, and Blue Economy, Small Satellite Project, etc. 

Importance of Bangladesh for India 

• Geographic proximity
  • India shares its longest land border with Bangladesh, making it crucial for preventing cross-border terrorism, human trafficking, and illicit trade. 
  • Bangladesh provides India's Northeastern states with easier access to the rest of the country and the Indian Ocean. 
    • For example, Akhaura (Bangladesh)-Agartala (Tripura) cross-border rail link.
• Regional integration 
  • Bangladesh is crucial for inter-regional connectivity between South Asia and South East Asia.  For example, initiatives like the Trans-Asian Railway, BBIN (Bangladesh, Bhutan, India and Nepal) Motor Vehicle Agreement.
  • It is also willing to join ongoing India-Myanmar-Thailand trilateral project. 
    • Nepal exporting electricity to Bangladesh through India's grid (first example of sub-regional cooperation energy sector). 
• India’s vision for regional leadership
  • Bangladesh is central to India's ‘Neighbourhood First’ Policy, Act East Policy, Vision SAGAR, and Indo-Pacific Vision. 
  • Strengthening ties with Bangladesh helps India maintain its influence in the Bay of Bengal amid China's assertive presence.
• Economic
  • Bangladesh is India’s biggest trade partner in South Asia and India is the second biggest trade partner of Bangladesh in Asia.
    •  In FY 2022-23, the total bilateral trade was US$ 15.9 billion.
  • India's largest development partner (India extend Lines of Credit support). 
  • Trade in Indian Rupee has started between the two countries.