Union Cabinet approves India-UAE pact on economic corridor
The aim of the IGFA is to enhance the bilateral relations and to further strengthen the relations between the two countries in the ports, maritime and logistics sectors.
The Union Cabinet on Wednesday accorded its approval to the revised Memorandum of Understanding (MoU) and Mode of Operation (MoO) between India and Bangladesh for establishing Border Haats along the border.
The Cabinet meeting was chaired by Prime Minister Narendra Modi.
"The Border Haats aim at promoting the well-being of the people dwelling in remote areas across the borders of two countries, by promoting traditional system of marketing the local produce through local markets.
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"These measures help to improve economic well-being of marginalised sections of society," reads a release.
At present, four Border Haats are operational — two each in Meghalaya and Tripura. Those were established and operationalised under the MoU and MoO for Border Haats signed between the two countries in October 2010.
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