Japan, Bangladesh ties bring India in focus

What happened: Japan and Bangladesh upgraded their 2014 BIG-B initiative into a broader "Big-B for Shared Prosperity" framework, per a joint statement issued after their prime ministers met. Why it matters: The framework is aimed at safeguarding economic autonomy and addressing geopolitical risks, and Japan's infrastructure investment in Bangladesh is focused on connecting India's landlocked northeast to the Bay of Bengal. India welcomed Japan's growing engagement with the northeastern states. Key numbers: The original initiative dates from 2014.

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