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After Chabahar, India plans to build port facilities in Bangladesh and Sri Lanka to boost regional trade.

After Chabahar, India plans to build port facilities in Bangladesh and Sri Lanka to boost regional trade.
blog image
Maritime

After Chabahar, India plans to build port facilities in Bangladesh and Sri Lanka to boost regional trade.

India is actively working to enhance its global maritime presence by developing two additional ports in Bangladesh and Sri Lanka, as announced by Sarbananda Sonowal, the Minister for Ports, Shipping, and Waterways. During a recent briefing on the achievements of the ministry in the first 100 days of the new NDA government, Sonowal highlighted several key initiatives aimed at expanding India’s influence in the region. One of the major projects will involve Indian Ports Global Limited (IPGL), a wholly owned subsidiary of the Sagarmala Development Company Limited under the ministry, which is set to develop Mongla Port in Bangladesh. As the country’s second-largest and busiest port, Mongla is crucial for facilitating trade and economic activities. The development of this port is expected to strengthen bilateral trade ties between India and Bangladesh while boosting regional connectivity. In addition to the project in Bangladesh, India is also exploring terminal development opportunities at Kankesanturai, located near Jaffna in Sri Lanka. Sonowal mentioned that the initiative aligns with India’s broader strategy to improve maritime infrastructure in the Indian Ocean region. Notably, a new international ferry service connecting Nagapattinam in Tamil Nadu to Kankesanturai has already been launched, further enhancing transportation links and promoting trade between the two countries. These developments signify India’s commitment to fostering closer maritime relationships with its neighbours while supporting regional economic growth and stability. By investing in port infrastructure in Bangladesh and Sri Lanka, India aims to bolster its maritime capabilities and secure its position as a key player in the Indian Ocean region.


26 Sep 24
blog image
Maritime

After Chabahar, India plans to build port facilities in Bangladesh and Sri Lanka to boost regional trade.

India is actively working to enhance its global maritime presence by developing two additional ports in Bangladesh and Sri Lanka, as announced by Sarbananda Sonowal, the Minister for Ports, Shipping, and Waterways. During a recent briefing on the achievements of the ministry in the first 100 days of the new NDA government, Sonowal highlighted several key initiatives aimed at expanding India’s influence in the region. One of the major projects will involve Indian Ports Global Limited (IPGL), a wholly owned subsidiary of the Sagarmala Development Company Limited under the ministry, which is set to develop Mongla Port in Bangladesh. As the country’s second-largest and busiest port, Mongla is crucial for facilitating trade and economic activities. The development of this port is expected to strengthen bilateral trade ties between India and Bangladesh while boosting regional connectivity. In addition to the project in Bangladesh, India is also exploring terminal development opportunities at Kankesanturai, located near Jaffna in Sri Lanka. Sonowal mentioned that the initiative aligns with India’s broader strategy to improve maritime infrastructure in the Indian Ocean region. Notably, a new international ferry service connecting Nagapattinam in Tamil Nadu to Kankesanturai has already been launched, further enhancing transportation links and promoting trade between the two countries. These developments signify India’s commitment to fostering closer maritime relationships with its neighbours while supporting regional economic growth and stability. By investing in port infrastructure in Bangladesh and Sri Lanka, India aims to bolster its maritime capabilities and secure its position as a key player in the Indian Ocean region.


26 Sep 24
blog image
Maritime

After Chabahar, India plans to build port facilities in Bangladesh and Sri Lanka to boost regional trade.

India is actively working to enhance its global maritime presence by developing two additional ports in Bangladesh and Sri Lanka, as announced by Sarbananda Sonowal, the Minister for Ports, Shipping, and Waterways. During a recent briefing on the achievements of the ministry in the first 100 days of the new NDA government, Sonowal highlighted several key initiatives aimed at expanding India’s influence in the region. One of the major projects will involve Indian Ports Global Limited (IPGL), a wholly owned subsidiary of the Sagarmala Development Company Limited under the ministry, which is set to develop Mongla Port in Bangladesh. As the country’s second-largest and busiest port, Mongla is crucial for facilitating trade and economic activities. The development of this port is expected to strengthen bilateral trade ties between India and Bangladesh while boosting regional connectivity. In addition to the project in Bangladesh, India is also exploring terminal development opportunities at Kankesanturai, located near Jaffna in Sri Lanka. Sonowal mentioned that the initiative aligns with India’s broader strategy to improve maritime infrastructure in the Indian Ocean region. Notably, a new international ferry service connecting Nagapattinam in Tamil Nadu to Kankesanturai has already been launched, further enhancing transportation links and promoting trade between the two countries. These developments signify India’s commitment to fostering closer maritime relationships with its neighbours while supporting regional economic growth and stability. By investing in port infrastructure in Bangladesh and Sri Lanka, India aims to bolster its maritime capabilities and secure its position as a key player in the Indian Ocean region.


26 Sep 24