India starts work on river port project in Myanmar
20 Dec 2010
India has started construction work of a river port and waterway terminal in Myanmar, a project aimed at promotion of trade between the two neighbouring countries.
The construction for the Myanmar-India Kaladan Multimodal Transit Transport Project in Sittway township of Rakhine state got underway yesterday, a Xinhua report said citing official daily New Light of Myanmar.
The project is slated for completion by 2013.
After Thailand, China and Singapore, India is Myanmar's fourth largest trading partner.
Bilateral trade between the two countries touched $1.19 billion in the 2009-10 fiscal year, a 26.1 per cent increase from the previous year, as per official statistics.