India Ports Global to take over entire control over Sittwe Port of Myanmar

by Psu Connect
Date: 10-04-24

The project aims to establish multimodal transit connectivity on the Kaladan River, which will connect the Sittwe port in Myanmar with the state of Mizoram in India.

The Ministry of External Affairs has given its approval to India Ports Global (IPGL) to take over the complete operation of the Sittwe port, located on the Kaladan River in the Rakhine province of Myanmar.

This means that the Sittwe Port of Myanmar has now become the second international port, after the Shahid Beheshti Port in Chabahar, Iran, to come under the control of India Ports Global Limited.

India has full control over the Sittwe Port, which is different from the Chabahar port where India only controls two terminals. The recently approved deal involves a long-term lease of the port to India, which will be renewed every three years. The IPGL will raise resources to develop the port further.

India Ports Global Limited is a subsidiary of Sagarmala Development Company Limited, which operates under the Union Ministry of Ports, Shipping, and Waterways. The Sittwe Port development in the Rakhine Province of Myanmar is a part of the Kaladan Multimodal Transit Transport Project signed between India and Myanmar.

The project aims to establish multimodal transit connectivity on the Kaladan River, which will connect the Sittwe port in Myanmar with the state of Mizoram in India. The port was constructed with a $500 million grant from India to Myanmar

The development of Sittwe port is a crucial part of the government's strategy to improve the connectivity of the land-locked northeastern states of India. This development is expected to significantly reduce transportation and logistic costs for goods being transported to Tripura and Mizoram. Ultimately, it will enhance the region's connectivity and provide a much-needed boost to its economic growth.