India, Bangladesh launch new riverine route for trade
Giving a boost to India-Bangladesh bilateral relations, the Bangladesh Inland Water Transport Authority (BIWTA) has permitted ferrying of goods vessels by waterway between the Sonamura port in Tripura and Daudkand under Cumilla in the neighbouring nation.The route is being operationalised under an agreement signed by the two sides on May 20 to boost riverine trade by adding two new routes and five more ports in order to improve connectivity to India’s north-eastern states and reduce transportation costs.Inland vessels of both the countries can move on the designated protocol route and dock at Ports of Call in each country, for unloading or loading of cargo under this Protocol.The step will greatly facilitate the bilateral trade, with cost-effectiveness for the business community and improv...