Bangladesh seeks ac­cess to Kolkata Port

Maritime Gateway - - News -

Bangladesh has sought ac­cess to Kolkata Port to carry out EXIM ac­tiv­i­ties. The ac­cess may help Bangladesh to at­tract In­dian in­vest­ments in SEZ on the West Ben­gal bor­der. A for­mal pre­sen­ta­tion in this re­gard was placed dur­ing Com­merce Sec­re­tary-level bi­lat­eral talks in Dhaka. The pro­posal, will con­trib­ute to the BBIN (Bangladesh, Bhutan, In­dia, Nepal) sub­re­gional ini­tia­tive. BBIN ini­tia­tive can help both the coun­tries ac­cess the Chit­tagong and Mongla ports. Chit­tagong port is bat­tling with ca­pac­ity con­straints. Poor rail net­work and over de­pen­dence on road adds to lo­gis­tics cost in Bangladesh. As a re­sult, in­dus­trial and com­mer­cial ac­tiv­i­ties are mostly cen­tered around Chit­tagong and Dhaka. By claim­ing ac­cess rights to Kolkata port, Bangladesh is try­ing to cor­rect the pol­icy gap. Bet­ter con­nec­tiv­ity and ac­cess to Kolkata can add to the po­ten­tial of In­dian in­vest­ments in Bangladesh.

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