Sittwe Port Agreement of India

Sittwe Port Agreement of India , Ministry of External Affairs has approved India Ports Global (IPGL) ‘s proposal to take over the entire operation of the Sittwe port, located on the Kaladan River in the Rakhine province of Myanmar. Thus, the Sittwe Port agreement of India with Myanmar marks Sittwe Port as the second international port after the Shahid Beheshti Port, Chabahar of Iran to come under the control of India.

India Ports Global Limited is a subsidiary of Sagarmala Development Company Limited, which is under the Union Ministry of Ports, Shipping and Waterways.

Sittwe Port Agreement of India : Development

Sittwe Port of Myanmar was developed in the Rakhine Province of Myanmar as a part of the Kaladan Multimodal Transit Transport Project signed between India and Myanmar. The multimodal transit connectivity on the Kaladan River will connect the Sittwe port in Myanmar with the state of Mizoram in India. The port was built with a grant of $ 500 million from India to Myanmar.

The Union Minister of Ports, Shipping & Waterways and Ayush, Shri Sarbananda Sonowal formally inaugurated the project on 9 May 2023. He received the first Indian cargo ship, which sailed from the Syama Prasad Mookerjee Port in Kolkata to the Sittwe Port.

Sittwe Port Agreement of India : Importance

Connectivity to Northeastern States: The port’s development aligns with India’s strategy to uplift landlocked northeastern states by reducing transportation and logistic costs, thereby fostering economic growth and regional integration.

Connectivity to Mizoram and Tripura: The Kaladan project’s waterways and road networks will substantially improve connectivity to Mizoram and Tripura, furthering trade and commerce in the region. From Sittwe, Myanmar to Sarboom, Tripura: Goods from Shyam Prasad Mukherjee Port, Kolkata, will be shipped to Sittwe Port. From Sittwe Port, the goods can be transported to Teknaf Port, Bangladesh. From the Teknaf Port the goods can be transported via road to Sabroom in Tripura. The project will immensely benefit Tripura by reducing transportation time and logistics costs significantly .

Sittwe Port Agreement of India : NDA Current Affairs

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