India and Bangladesh Transit Facility “Kolkata-Ashuganj-Tripura” Becomes Operational [ Current Affairs ]
The transit facility “Kolkata-Ashuganj-Tripura” under the revised Inland Water Transit and Trade Protocol between India and Bangladesh became operational after Prime Minister Narendra Modi signed it during his visit to Dhaka in June 2015.
- On 16th June 2016 it was publicly inaugurated.
- The first ship from Kolkata carrying 1000 tonnes of steel and iron sheets touched Ashuganj river port in Bangladesh As part of it.
- From the port the cargo will transport throughout Bangladesh territory to reach its destination in Tripura.
About Kolkata-Ashuganj-Tripura transit facility
- The capability successively through a land and river route adventure Bangladesh ground cuts the Kolkata-Agartala distance via Siliguri’s ‘chicken neck’ from 1600 km to 800 km.
- It also has compact the time of the journey from 30 days to just 10 days.
- It has cut the change expenses from central India to the north-eastern state from 67 US dollars to 35 US dollars per ton.
- As per the protocol yet India pays transfer fees of 192.25 dollars per ton as transferred between the two countries.
- The formal inauguration of the transit facility, both friendly neighbors have traversed yet additional milestone in their bilateral relatives and regional connectivity.
- The Kolkata-Ashuganj-Tripura transit route bounces central India cheaper and easier contact to the seven interior northeastern states.
- The revised Inland Water Transit & Trade Protocol bounces both countries right to use each other’s territory for transiting properties to third countries below the India-Bangladesh Bilateral Trade Agreement.
- Under this Bangladesh is allowed to transit goods to Bhutan and Nepal while India can access Myanmar via Bangladesh giving impetus to Act east policy.
- Though this protocol trade and development will not only allowed between Bangladesh and India but also in the entire sub-region simplifying trade and growth in the sub-region.
- Published on: June 17, 2016