India is finally flexing its financial muscles and getting port investments fixed with its neighbours. Splash reported earlier this week how New Delhi has committed to invest in the Myanmar port of Sittwe on the Bay of Bengal. Also, this week India held trilateral talks with Afganistan and Iran to advance development at the Iranian port of Chabahar.
Yesterday, India and Bangladesh signed three agreements to allow New Delhi to use Mongla and Chattogram ports as transit points to access India’s northeastern states for trade.
The two countries decided to explore the possibilities of river links between Rajshahi and Dhuliajan in West Bengal’s Murshidabad district, something that would require significant dredging.
India also offered Dhaka yesterday use of Kolkata and Haldia ports for transhipment of its exports.