The transformation of the Look East policy of India into an Act East policy is finally taking shape. On October 14, the Union government decided to raise the investment in the Kaladan multi-modal transit transport project from Rs. 535 crore to nearly Rs. 3,000 crore.
This is expected to breathe new life into the project which was conceived in 2008 but had been stagnating since then.
The Kaladan project is aimed at providing an alternative route for cargo to India's north-eastern states through Myanmar. The project will link Kolkata Port to Myanmar's Sittwe port and then provide a riverine route through the Kaladan river and by road to the Myanmar-India border adjoining Mizoram.
Watch FIVE FACTS- Why the Kaladan Project is crucial to India's 'Act East' policy? With HD Quality.
The transformation of the Look East policy of India into an Act East policy is finally taking shape. On October 14, the Union government decided to raise the investment in the Kaladan multi-modal transit transport project from Rs. 535 crore to nearly Rs. 3,000 crore.
This is expected to breathe new life into the project which was conceived in 2008 but had been stagnating since then.
The Kaladan project is aimed at providing an alternative route for cargo to India's north-eastern states through Myanmar. The project will link Kolkata Port to Myanmar's Sittwe port and then provide a riverine route through the Kaladan river and by road to the Myanmar-India border adjoining Mizoram.
Watch FIVE FACTS- Why the Kaladan Project is crucial to India's 'Act East' policy? With HD Quality
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The Kaladan Multi-Modal Transit Transport Facility envisages connectivity between Indian ports on the eastern seaboard and Sittwe Port in Myanmar and then through riverine transport and road to Mizoram. Seen here in the video is the Ambassador of India to Myanmar Mr. V Seshadri reviewing the on going work at the Sitwe Port.
Watch Kaladan Multi-Modal Transit Transport Project With HD Quality
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