New service connects Haldia and Chittagong Port
Haldia International Container Terminal has achieved another milestone with the commencement of a new Bangladesh service under the Indo-bangladesh Coastal Protocol. Located 90 km from Kolkata, the Petrapole-benapole border handles $3.4 billion of the $6 billion bilateral trade with Bangladesh. In 2016-17, Indian exports accounted for more than 70 per cent of the trade through this gate.
However, due to the slow pace of border clearance, a truck normally takes 22 days, including two weeks on the Indian side, to complete its trade run. The Bangladesh trade was eagerly seeking an alternate efficient mode, delivered by a short coastal route with reliable vessel service, delivering goods right up to Dhaka and Chittagong ports.