India to develop regional connectivity projects worth $5 billion in South Asia
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Posted on:11 May 2016 14:33:44
11 May 2016 Current Affairs: India is planning to develop regional connectivity projects worth $5 billion in South Asia. The projects include road corridors connecting India with Bangladesh, Nepal and Bhutan through West Bengal and India-Myanmar through Manipur.
As per Economic Affairs Secretary Shaktikanta Das, India is also assisting the countries with power projects. In the South Asia Sub-regional Economic Cooperation (SASEC) 2025 workshop, he also stated that India is also planning to establish Integrated Customs Ports (ICPs) and improved Land Customs Stations (LCS) at key border points with Bangladesh, Nepal and Bhutan to ease the movement of goods and people within the sub-region.
The South Asia Sub-regional Economic Cooperation (SASEC) Program brings together Bangladesh, Bhutan, India, the Maldives, Nepal, and Sri Lanka and is supported by the Asian Development Bank (ADB).
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