India and Bangladesh has signed an agreement for the formation of a 50:50 Joint Venture Company (JVC). This 50:50 Joint Venture Company has been formed for LPG business in Bangladesh. The agreement was signed between the RR Holdings Ltd., Ras Al Khaimah, UAE, the holding company of Beximco LPG of Bangladesh, and IOC Middle East FZE, Dubai, a wholly-owned subsidiary of Indian Oil Corporation (IOC).
The Joint Venture Company (JVC) will help in reducing the import cost of LPG and provide it to the people of Bangladesh at an affordable price. It also aims to expand into other linked businesses such as LNG, Petrochemicals, including the LPG export through pipeline to the North East India.
Important takeaways for all competitive exams:
Goa is a small state on the western coast of India, famous for its beaches,…
Every year, people around the world search for words that show what interests them the…
The Hurun Rich List 2025 has once again highlighted India’s dynamic startup and business ecosystem.…
India’s innovation ecosystem has received global recognition as an Indian satellite internet concept emerged as…
India’s fiscal position showed resilience in the current financial year as net direct tax collections…
Recently, the Union Minister informed the Rajya Sabha about the progress and impact of the…