Movement of 1004.419 MT of Steel/TMT bars from Kolkata to Agartala (via Ashuganj) through Inland Waterways & Indo-Bangladesh Protocol Route

Image
Capital Market
Last Updated : Jul 04 2016 | 7:47 PM IST
Ashuganj in Bangladesh was declared as Port of Call under the Protocol on Inland Waterways Transit & Trade (PIWTT) in May, 2010 for transshipment of bulk and break cargo to Tripura and other North-Eastern States viz. Manipur, Mizoram and lower Assam. During the visit of Prime Minister to Bangladesh, a new version of PIWTT which allows for automatic renewal every five years was signed at Dhaka on 06/06/2016 between India and Bangladesh. This route not only significantly reduces the circuitous distance of chicken-neck corridor (Siliguri) between mainland India and states in North-Eastern region but also reduces the overall transportation cost of the cargo considerably.

In a significant move recently, the above route witnessed the transit of 1004.410 MT of Steel and TMT bars from Kolkata to Agartala via Ashuganj, Bangladesh. M.V Newtek-6 sailed from Kolkata with steel and TMT bars on 2/6/2016 and reached Ashuganj on 14/6/2016 and was brought to Agartala through Akhuara Border on 20/6/2016. Transit and other fees as mutually agreed under the said protocol was paid at Khulna, Bangladesh.

Earlier, movement of Over Dimensional Cargo (ODC) on ONGC for Palatana Power Project and food grains were also transported to Tripura via Ashuganj inland port by Food Corporation of India.

Powered by Capital Market - Live News

*Subscribe to Business Standard digital and get complimentary access to The New York Times

Smart Quarterly

₹900

3 Months

₹300/Month

SAVE 25%

Smart Essential

₹2,700

1 Year

₹225/Month

SAVE 46%
*Complimentary New York Times access for the 2nd year will be given after 12 months

Super Saver

₹3,900

2 Years

₹162/Month

Subscribe

Renews automatically, cancel anytime

Here’s what’s included in our digital subscription plans

Exclusive premium stories online

  • Over 30 premium stories daily, handpicked by our editors

Complimentary Access to The New York Times

  • News, Games, Cooking, Audio, Wirecutter & The Athletic

Business Standard Epaper

  • Digital replica of our daily newspaper — with options to read, save, and share

Curated Newsletters

  • Insights on markets, finance, politics, tech, and more delivered to your inbox

Market Analysis & Investment Insights

  • In-depth market analysis & insights with access to The Smart Investor

Archives

  • Repository of articles and publications dating back to 1997

Ad-free Reading

  • Uninterrupted reading experience with no advertisements

Seamless Access Across All Devices

  • Access Business Standard across devices — mobile, tablet, or PC, via web or app

More From This Section

First Published: Jul 04 2016 | 5:34 PM IST

Next Story