Assam set to introduce International Multi-Modal Hub

Chandra Mohan Patowary, Assam Industry and Commerce Minister on Wednesday informed that Assam is all set to have India’s first International Multi-Modal Hub. The Asian Development Bank (ADB) has agreed to fund the project at an estimated cost of around Rs 600 crore.

Assam is going to hold an exclusive India-Bangladesh Stakeholders’ Meet at Guwahati to discuss and create awareness on the opportunities made available by these trade agreements on October 22 and 23.

“The Government of Assam is planning to develop Jogighopa, a small township near Brahmaputra river, as a logistics hub or trans-shipment point for cargo moving from Assam, Arunachal Pradesh, Nagaland to Bangladesh,” he said.

Also Read: Nagaland: Government calls for consultative meet on peace talks today

In addition, the Munshiganj River Terminal in Bangladesh will be used as a customs station to handle third-party export and import cargo via Kolkata Port.

“To bring about a significant reduction in logistics cost and faster delivery of Bangladesh export cargo, the Indian side has raised the point regarding permitting a third country export-import trade under the coastal shipping agreement and protocol on inland water transit and trade (PIWTT) by allowing trans-shipment through ports on the east coast of India,” he said.

“Increasing connectivity through air, water, rail, road offer a mutually beneficial opportunity for enhancing economic cooperation between Bangladesh and the Northeastern states of India and beyond,” Patowary said.

“Standard operating procedures for the use of Chattagram and Mongla ports for movement of goods to and from India, particularly to and from the Northeast of India have recently been concluded and it is expected that it would create a win-win situation for both economies,” he added.

Readers like you make Inside Northeast’s work possible

To support our brand of fearless and investigative journalism, support us HERE.

Download:                                                                  

The Inside Northeast app HERE for News, Views, and Reviews from Northeast India.

Do keep following us for news on-the-go. We deliver the Northeast.