To promote regional and trade connectivity, India and Bangladesh have reportedly decided upon opening a new trade route from September 3, 2020. The motive is to expand the scope of inland water transport mechanisms which will further boost trade between both the regions.
According to the reports, Bangladeshi vessel will be carrying 50 metric tonnes of cement from Bangladesh-based Premier Cement Ltd to Tripura as a part of the efforts to boost connectivity between the two countries on September 3, 2020.
The route which will be connecting Sonamura in Tripura to Daudkandi in Bangladesh has been operationalised under the agreement signed by the two countries in May 2020 to boost riverine trade, says reports. “The agreement also included rise in trade activity by adding two new routes and five more ports for improving the connectivity to India’s north-eastern states and to reduce the transportation costs,” adds reports.