SASEC Road Connectivity to Open Opportunities for MSMEs

13 July 2017

India’s Cabinet Committee on Economic Affairs, chaired by Prime Minister Narendra Modi, gave its approval for a $253,406,409 (INR 1,630.29 crore) project to be implemented by the state-run National Highways and Infrastructure Development Corporation.

The project will upgrade and widen 65 kilometers of the Imphal-Moreh section of National Highway 39, in the state of Manipur in northeastern India. The project is part of the SASEC Road Connectivity Investment Program that aims to improve connectivity among Bangladesh, Bhutan, India, and Nepal, and between South and Southeast Asian nations.

The project will strengthen trade, commerce and tourism in the region, said Mr. Nitin Gadkari, Road Transport and Shipping Minister, India. It is expected to generate employment in Manipur, and open markets for micro, small, and medium enterprises manufacturing traditional bamboo, wood, hand-woven textiles, and other products.

 

Related Links:

The National Board of Revenue (NBR) of the Government of Bangladesh is set to open National Single Window...

Read More


Bhutan will build the Gelephu Smart City Project in the Gelephu Special Administrative Region (SAR) to facilitate more...

Read More


Mr. Shakti Bahadur Basnet, Nepal Minister for Energy, inaugurated on 11 December 2023 the Kushma-Butwal power transmission line...

Read More


The Government of Bangladesh and the Asian Development Bank (ADB) signed an agreement for the ...

Read More


The Asian Development Bank (ADB) has approved $336.5 million loan financing under the Asia Pacific Vaccine Access Facility...

Read More


The King of Bhutan, His Majesty Jigme Khesar Namgyel Wangchuck, paid an official visit to India on 3-10...

Read More


Bangladesh Prime Minister Sheikh Hasina and India Prime Minister Narendra Modi inaugurated the Akhaura-Agartala railway link during an...

Read More