India and Bangladesh expand the scope of inland water connectivity

Neighboring countries India and Bangladesh will expand the scope of inland water transport mechanism which will help in better regional connectivity. The first movement on this route will be conducted on September 3. This route will help to boost trade among the two countries.

This new riverine trade route will connect Sonamura in Tripura to Daudkandi in Bangladesh. This route is being operationalized as the two countries signed the addendum to the protocol on Inland Water Transit and Trade in the month of May. According to this agreement two new routes and 5 new ports are being added, increasing connectivity between the two countries and reducing transportation costs.

The route will be operational when a Bangladeshi vessel will transport a cargo of cement to Tripura on 3rd September. The Bangladeshi vessel MV Premier will carry about 50 metric tons of cement from Bangladeshi company Premier Cement Ltd to Tripura via Gumti River.

India and Bangladesh first signed the Inland Water Trade and Transit Protocol in 1972 for the reason of bilateral trade. The protocol was further expanded on May 20 to take the total number of routes to 10 and number of ports to 11 between the two countries.

 

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