BUSINESS

India, Thailand, Myanmar to be connected with a 1400-km road

Source:PTI
May 23, 2016 16:20 IST

The road will help in transportation of goods and further development of SMEs in North East India

India, Thailand and Myanmar are working on a 1,400-kilometre long highway that will link India with Southeast Asia by land for the first time in decades, giving a boost to trade and cultural exchanges between the three countries.

Indian Ambassador to Thailand Bhagwant Singh Bishnoi said 73 bridges in Myanmar, built more than seven decades ago during World War II, were being renovated with funding from India to allow vehicles to cross the highway safely.

When the repair work will be completed in 18 months, the highway could be opened to traffic from all three countries, he said.

The planned highway starts in the eastern region of India from Moreh to Myanmar's Tamu city.

Negotiations are currently underway to conclude a tri- nation motor vehicle agreement for the use of the 1,400-km road that will reach Thailand at Tak, Mae Sot district.

"There has always been a meeting of minds between India and Thailand. Our two countries share cultural, spiritual and linguistic links. With this road we will also have physical connectivity," Bishnoi told PTI.

The road will help in transportation of goods and further development of SMEs in North East India, he said, adding the tri-nation highway exemplifies India's "Act East" policy.

Myanmar's Dawei deep-sea port and industrial estate project near the Thai border is also expected to help further integrate eastern India with South East Asian countries.

The planned port can be linked up with India's Chennai port as well as Thailand's Laem Chabang Port on the other side of the ocean, the envoy said.

India is also preparing to negotiate a Regional Comprehensive Economic Partnership (RCEP) which includes the 10-countrygrouping, on top of the current India-Asean free-trade agreement (FTA).

Thai-Indian trade amounted to $8 billion last year, while more than a million Indian tourists visited Thailand last year.

There were also about 300 Indian weddings held.

Among major Thai investors in India are CP Group, Delta Electronics, Ital-Thai and Pruksa Real Estate, while the major Indian firms operating in Thailand are Tata Group, Aditya Birla and Indorama.

Photograph: Goran Tomasevic/Reuters

Source: PTI
© Copyright 2024 PTI. All rights reserved. Republication or redistribution of PTI content, including by framing or similar means, is expressly prohibited without the prior written consent.

Recommended by Rediff.com

NEXT ARTICLE

NewsBusinessMoviesSportsCricketGet AheadDiscussionLabsMyPageVideosCompany Email