India and Bangladesh have taken up a notch their bilateral effort to harness the opportunity to develop their waterways for faster and cheaper ~ not to mention more environment-friendly ~ modes of transportation. New Delhi has already announced that it aims to address the “infrastructure gaps” in waterways development by commissioning more water terminals to tap the potential in cruise tourism as well as freight and passenger transportation. Policy issues in connection with inland waterways, according to an Indian official, are being addressed for smoother and seamless trade transactions between India and Bangladesh. The key driver for both countries as they emerge as major trading partners in the South Asian region would be a reduction in the cost of transportation going forward. (Read More)
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