Senior officials met to review India-Nepal bilateral transit and trade treaties and agreed to discuss inland waterways facilities, which could reduce transit cost significantly once implemented. The two countries also agreed to install facilities for electronic cargo tracking on cargo bound for Nepal.
Tags: Inland waterways, India, Nepal, Transport, Electronic Cargo Tracking System
India is working to develop its inland waterways to increase economic connectivity with Southeast Asia. The project will connect India’s northeastern states with Bangladesh and Nepal and boost trade in the region as part of India’s Act East Policy.
Tags: Inland waterways, India, Southeast Asia, Transport
India Prime Minister Narendra Modi inaugurated India's first inland waterways terminal on the Ganga River in Varanasi, and received the first inland container vessel which journeyed from Kolkata. The Prime Minister heralded the arrival of the container as 'historic' for India. The inland waterways terminal is part of a planned multimodal terminal on the Ganga in Varanasi. The waterway route links eastern Uttar Pradesh to the Bay of Bengal. It promises to save time and money, lessen road traff
Tags: Inland waterways, India, Transport, World Bank
The Governments of India and Nepal held an India-Nepal Inter-Governmental Committee Meeting on Trade, Transit, and Cooperation to Control Unauthorised Trade, led by Commerce Secretaries of the two Governments. They discussed bilateral trade, transit, and economic relations, and agreed to conclude measures to further improve bilateral trade and investment ties.
Tags: India, Nepal, Trade Facilitation, Transport, Transit, Inland waterways, Standards Harmonization
India and Nepal are set to develop the inland waterway linkage between their countries to promote efficient and more cost effective movement of goods. India Prime Minister Narendra Modi and Nepal Prime Minister KP Sharma Oli issued a joint statement on forging this new route—which will also open additional sea access to landlocked Nepal—between the two countries on 7 April 2018, during Prime Minister Oli's state visit to India.
Tags: Connectivity, India, Inland waterways, Nepal, LLDC