Home Cryptocurrency India, Japan, Bangladesh discover methods to spice up Bay of Bengal financial system – ETCFO

India, Japan, Bangladesh discover methods to spice up Bay of Bengal financial system – ETCFO

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India, Japan, Bangladesh discover methods to spice up Bay of Bengal financial system – ETCFO

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India, Bangladesh and Japan have determined to discover the potential for a trilateral to unlock potential of landlocked Northeast by the Chittagong Port and Tokyo-funded deep sea port in Bangladesh’s Matarbari.

The determination was taken on Wednesday following two-days of talks between ministers from India and Bangladesh and high Japanese officers in Agartala, the capital of Tripura.

The assembly focussed on connectivity and industrial worth chains, officers mentioned.

The three nations determined to advertise capability constructing and smooth energy initiatives as India pressed Japan to extend investments within the Northeastern area over and above present initiatives, in accordance with officers.

They informed ET that higher involvement of Japan will pave the best way for industrial worth chains and a complete connectivity improvement of Northeast India and Bangladesh. Japan is investing within the area, together with within the deep sea port at Matarbari in Bangladesh, which can join the landlocked area with the Bay of Bengal,

Asian Confluence, a Meghalaya-based think-tank that organized the assembly in collaboration with the ministry of exterior affairs, has in a examine recommended that each the northeast and Bangladesh scale up the multi-modal connectivity, which might not solely assist the area to lift its competitiveness but additionally slender the event gaps within the area. The examine was launched on the meet.

  • Published On Apr 14, 2023 at 12:32 PM IST

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