The potential of the Siliguri corridor and its surroundings to be developed as a logistics hub for India’s northeastern region, and Bangladesh, Bhutan, and Nepal, was emphasized by the CII at Logi Connect 2022. Developing Siliguri as a logistic hub would facilitate movement of goods to other states of India and its neighboring countries.
Tags: Logistics, Act East Policy, Trade Facilitation, Transport, Transit, Bangladesh, Bhutan, India, Nepal
Mr. S. Jaishankar, External Affairs Minister of the Government of India, highlighted in his inaugural address at the Natural Allies in Development and Interdependence (NADI) Asian Confluence River Conclave 2022 the importance of connectivity. He underscored that the coming together of the “Act East” and the “Neighborhood First” policies have an enormous impact extending beyond South Asia.
Tags: India, BBIN, Act East Policy, Neighborhood First Policy, Myanmar, Connectivity, Trade Facilitation, Transport, Energy
The Governments of India and Myanmar implemented the Land Border Crossing Agreement, marking the occasion with the simultaneous opening of the Tamu (Myanmar)-Moreh (India) and Rihkhawdar (Myanmar)-Zowkhawtar (India) international border checkpoints. Signed on 11 May 2018, the opening of the India-Myanmar land border crossings allows people from both countries and third countries holding valid passports and visas to cross the border and travel to any point of Myanmar or India.
Tags: India, Myanmar, Act East Policy
Plans are being drafted to turn Silchar, a city in Assam, India, into a logistics hub. Multimodal transport linkages from Silchar to Myanmar and to Bangladesh are being considered, in line with the Government of India's "Act East" policy. These will decongest Guwahati and place Silchar at the forefront of growing economic relations between India's northeastern states and Bangladesh and the countries in Southeast Asia.
Tags: India, Act East Policy, Myanmar, Bangladesh, Thailand, Economic Corridor Development
India and Nepal are set to be linked by rail with the agreement by the Governments of both countries to connect Raxaul, a border city in India, to Kathmandu, Nepal's capital city, by rail. Preparatory survey work will be conducted by the Government of India, in consultation with the Government of Nepal, for a new electrified rail line within one year.
Tags: Nepal, India, Rail, Connectivity, Act East Policy, Transport
Assam Chief Minister Sarbananda Sonowal called for the strengthening of business and economic ties among ASEAN and South Asian countries. He noted the strong historic and cultural ties among the countries and urged Southeast Asian countries to take advantage of investment opportunities in Assam in northeast India.
Tags: ASEAN, Act East Policy, South Asia
This commentary by Mr. Sanjay Kathuria, Lead Economist and Coordinator, South Asia Regional Integration, World Bank Trade and Competitiveness Global Practice, highlights how the growing cooperation between Bangladesh and India provides a glimpse into a more integrated South Asia.
Tags: Act East Policy, India
India’s Act East Policy will help improve connectivity among countries in Southeast and East Asia, said Mr. Arun Jaitley, Finance Minister, India. He noted projects to connect trade routes to India’s neighbors and explained how regional power trade would help SASEC member countries achieve energy security.
Tags: India, Act East Policy, Bangladesh
Bilateral trade between India and Myanmar increased from nearly $11.9 million in 2013-2014 to around $22.2 million in 2015-2016, according to India's Ministry of Commerce and Industry. India's Act East Policy was instrumental in promoting trade growth between the two countries, deepening economic cooperation and expanding trade through India's Northeast region.
Tags: Act East Policy, India, Myanmar, Trade, Transport
The Asian Development Bank and the Government of India have signed a $375 million agreement to develop the 800-kilometer Visakhapatnam (Vizag)-Chennai Industrial Corridor. The agreement includes the first tranche of $245 million, which will develop high-quality infrastructure in Visakhapatnam and Yerpedu-Srikalahasti, a $125 million policy-based loan, and a $5 million grant to build climate change resilient infrastructure.
Tags: ADB, Economic corridor, India, Act East Policy, Make in India, manufacturing
A Meeting between India's Minister for External Affairs and Governors of the North East region covered key aspects of the 'Act East Policy', including transport connectivity, border trade, and regional production and value chains. The Meeting stressed the need for better connectivity of the North East to a wider region, including Bangladesh, Myanmar, and Thailand, and discussed ongoing and planned cross-border connectivity projects.
Tags: India, Act East Policy, Transport, Trade Facilitation, Bangladesh