World Bank sanctions Rs 980 cr for Brahmaputra dredging: Min

Posted on:29 Aug 2016 09:22:15

World Bank sanctions Rs 980 cr for Brahmaputra dredging: Min
29 August 2016 Current Affairs GK: The World Bank has sanctioned Rs 980 crore to dredge the Brahmaputra as an initiative to develop waterways to Bangladesh and to other South East Asian countries in a bid to boost trade and industry in the Northeast.

Opening up of the Brahmaputra waterways for trade will lead to a reduction in the cost of transportation of goods and will ultimately result in Assam becoming a export hub for the South East Asian countries.

Assam Industries and Commerce Minister Chandra Mohan Patowary today said during his address at the day-long North East Tea Conclave.

The World Bank has sanctioned Rs 980 crore for dredging the Brahmaputra which is an onerous task no doubt, but "the river will become navigable for trade purpose in the near future.

The Centre's Act East Policy has focused aggressively on trade with South East Asian countries and "opening up the waterways will be the first step in this direction.

Assam gets a readymade market of Bangladesh and West Bengal with 25 crore consumers and if one is ambitious enough, trade can be extended to Thailand, Myanmar, Laos, Cambodia and other South East Asian countries.

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