Bangladesh seeks access to Kolkata Port
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.