World Bank project to link Indias Mizoram with Bangladesh, Myanmar
Better connectivity can help reduce freight and passenger transport costs, says Diep Nguyen-van Houtte, Senior Transport Specialist and the World Banks Task Team Leader for the project The Dollar Business Bureau | @TheDollarBiz The World Bank will lend $107 million to improve Indias hilly state of Mizorams road linkage with Bangladesh and Myanmar to boost trade in the region. Indias Northeastern state of Mizoram is sandwiched between Bangladesh and Myanmar, two countries with which the state shares a border of over 720 kilometres. The World Bank says that the Mizoram State Roads II Regional Transport Connectivity Project is expected to improve transport connectivity of Mizoram which can help increase intra-regional trade and reduce trade costs significantly. Being strategically located between Myanmar and Bangladesh, ...
Connectivity seen as key to increase India-ASEAN trade to $100 billion by 2015
The Dollar Business Bureau | @TheDollarBiz Leaders from India and the Association of Southeast Asian Nations (ASEAN) hope that the India-Myanmar-Thailand Trilateral Highway will pave the way to economic prosperity for over 1.8 billion people in the region and help meet the targeted $100 billion trade between India and ASEAN by 2015 and then double it to $200 billion by 2020. For India, ASEAN is not just at the core of the Look East policy, but also the key to economic prosperity of the North East. In 2012, India and ASEAN leaders fixed the target for ASEAN-India trade at $100 billion by 2015. India has also signed various Trade Agreements including the ASEAN-India Trade in Goods Agreement, the ...
