Jairam Ramesh: India to develop Sitwe port
  • Share
  • Tweet
  • Email
  • Whatsapp
  • Linkedin
  • Print
  • India will rebuild the Sitwe port at a total cost of $120 million on a ‘Build, Transfer, and Use’ (BTU) basis. Users will be charged for services to be offered by the port once it is redeveloped and handed over to Myanmar. Reports indicated that the final agreement will be signed in April. Announcing this before media-men in Chennai on January 7, Union Minister of State for Commerce, Jairam Ramesh stated that the project had been under discussion for almost six years. The minister noted that the Sitwe project assumed significance for development of India’s north-east as it would provide an alternative route connecting the Northeast with South-East Asia, without transiting Bangladesh.1

    Top