India Aims to Increase Myanmar Trade with Multimodal Transport Project
India's Minister of Commerce, Industry and Textiles has set the target of doubling trade between India and Myanmar by 2015. The Minister stated that construction of the Kaladan Mulitmodal Transit Transport Project by 2013 will transform the trade between North…
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East India and the world. The project would comprise of a waterway component and a roadway component and envisages a direct trade corridor between Indian ports on the eastern seaboard and Sittwe Port in Myanmar, and an alternate route through riverine transport and by road. The two countries recognize the need to start collaborating to build a Land Customs Station at India-Myanmar Border at Mizoram (in North East India) to facilitate the movement of vehicles and goods entering and leaving that state.