Sunday 22 12 2024 12:32:45 PM

Office Address

123/A, Miranda City Likaoli Prikano, Dope

Phone Number

+0989 7876 9865 9

+(090) 8765 86543 85

Email Address

info@example.com

example.mail@hum.com

India secures second overseas port: Sittwe agreement approved by MEA
After Chabahar, India has gained the rights to operate a second overseas port, Sittwe, in Myanmar.
Dr.G.R.Balakrishnan Apr 09 2024 International Ports News

India secures second overseas port: Sittwe agreement approved by MEA

 The Ministry of External Affairs (MEA) has approved a proposal for India Ports Global (IPGL) to take over the operations of the entire port located on the Kaladan River. IPGL is a company 100 per cent owned by the Ministry of Ports, Shipping and Waterways.

India Ports Global Limited (IPGL) is a joint venture between Jawaharlal Nehru Port Trust (JNPT) and Deendayal Port Trust (Erstwhile Kandla Port Trust). It was created and incorporated in January 2015 under the Companies Act, 2013, as per directions of Ministry of Shipping (MoS), for development of ports overseas.

The Sittwe Port is part of the Kaladan multi-modal transit transport project. The project aims to connect the eastern Indian seaport of Kolkata with Sittwe seaport in Myanmar by sea, and further link Sittwe Port to Paletwa in Myanmar via Kaladan river waterway, and connect Paletwa to Zorinpui in Mizoram through a road component.

This link will not only offer an alternative route for shipping goods to the northeastern states, but will significantly reduce the cost and distance from Kolkata to Mizoram and beyond. It will also reduce dependency on the Siliguri Corridor, known as the chicken’s neck, which is squeezed between Bhutan and Bangladesh.