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ADB Submits Feasibility Study on the the North East Economic Corridor
16 March 2023
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The Rajya Sabha (Council of States) was informed on 16 March 2023 that the Asian Development Bank (ADB) submitted a feasibility study on the North East Economic Corridor.
Mr. G Kishan Reddy, Minister of the Ministry of Development of North Eastern Region (DoNER), noted features of the report:
- Emphasizes infrastructure development on transport, urban, and energy, as enablers for equitable economic development for India's northeastern region;
- Envisages multimodal transport network at three levels: (i) within India's northeastern region; (ii) between the northeastern region and the rest of India with an additional route through Bangladesh; and (iii) with neighboring countries, including Bangladesh, Bhutan, and Myanmar, to enhance South Asia-Southeast Asia connectivity. All identified routes are along international and regional transport corridors, including the Asian Highway Network, South Asia Subregional Economic Cooperation (SASEC) corridors, Trans-Asia Rail Network, and the India–Bangladesh Inland Waterways Protocol routes; and
- Identifies 24 growth centers and 20 border centers to drive the development of the states based on their potential.
Related link
Feasibility study on NE Economic Corridor submitted: DoNER