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:
Weekly Current Affairs One-Liners Current Affairs 2025 plays a very important role in the competitive…
World Basketball Day 2025 highlights the remarkable journey of basketball from a simple indoor game…
The United Nations marked the second World Meditation Day on the 21st December with a…
The Winter Solstice 2025 occurs on Sunday, December 21 marking the shortest day and longest…
The Haryana State Assembly has unanimously passed a resolution to mark the 350th martyrdom year…
Every country has something special that makes it famous around the world. Some are known…