India, B’desh river trade route to begin from Sept 3 - News Summed Up

India, B’desh river trade route to begin from Sept 3


Following discussions between the Inland Water Authority of India and Bangladesh Inland Water Transport Authority, the first pilot movement on the 93-km Daudkandi-Sonamura route is expected to be conducted on September 3, people familiar with developments said on condition of anonymity. “The new route will facilitate bilateral trade with improved reliability and cost effectiveness for the business community,” said one of the people cited above. India and Bangladesh signed the Protocol for Inland Water Trade and Transit in 1972 for inland waterways connectivity between the two sides for bilateral trade and to improve connectivity to India’s northeastern states. The new riverine trade route is being operationalised against the backdrop of India’s concerted efforts to boost economic aid and connectivity with key neighbours amid the border standoff with China. Last month, India handed over 10 railway locomotives to Bangladesh, reflecting a renewed focus on its “neighbourhood first” policy.


Source: Hindustan Times August 25, 2020 18:24 UTC



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