On The Cards
SCI would be given a subsidy for the first six months. At the meeting, SCI had expressed concerns over a direct competition from the Chinese shipping liners that already operate on this route and have cheaper facilities available. The first shipping line is likely to be flagged off from Krishnapattam port in Andhra Pradesh. The two neighbours have already agreed to enhance their trade to $ 3 billion by 2015. Myanmar had agreed to encourage investments by Indian companies, both public and private, in oil and natural gas sector, information technology, fertilisers and other smallscale development projects in the border regions.