News List

Compiled features on recent developments in regional cooperation and integration in the SASEC region.

Year:
March 2024

India, Nepal Renews Electric Power Trade Agreement for Three Months

The electric power trade agreement between India and Nepal has been renewed for a three-month period. This will facilitate the import and export of electricity between the two nations.

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Tags: India, Nepal, Energy

March 2024

Bangladesh and Nepal to Increase Bilateral Trade

Mr. Khalid Mahmud Chowdhury, Minister of State for Shipping of the Government of Bangladesh and Mr. Damodar Bhandari, Nepal Minister of Commerce met to discuss ways to increase Banglaesh-Nepal trade. Among the topics discussed was the improvement of land transport between Banglabandha land port in Bangladesh and Kakarbhita land port in Nepal. A 37-kilometer route could be established between the two ports through India.

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March 2024

Bhutan, India Finalize MoU on Establishment of Rail Links on India Prime Minister Modi's Visit 

The Governments of Bhutan and India exchanged multiple agreements across various sectors, encompassing energy, trade, digital connectivity, space, and agriculture. They also finalized the MoU on establishment of rail connectivity, marking a comprehensive enhancement of cooperation between the two nations. 

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Tags: Bhutan, India, Energy, Trade

March 2024

Bhutan Prime Minister Tshering Tobgay’s Visit to India Highlights Close Economic and Development Partnership 

Bhutan Prime Minister Tshering Tobgay embarked on his first overseas visit to India upon the invitation of India Prime Minister Narendra Modi. He shared insights into the priorities of the Royal Government of Bhutan. Prime Minister Modi affirmed India's unwavering support for Bhutan's ambition to become a high-income nation.  

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Tags: Bhutan, India, Regional Cooperation

March 2024

Gelephu Airport in Bhutan to Be Upgraded Using ADB Master Plan

Bhutan officials have selected a master plan by the Asian Development Bank (ADB) for building a new runway for the Gelephu Airport. Under the master plan, a new 3,000-meter-long runway will be built at around 50 to 60 meters above the current runway. The master plan provides an option to extend the runway in the future to 3,500 meters.

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March 2024

India Prime Minister Modi Inaugurates Third Land Port in Tripura, India

India Prime Minister Narendra Modi virtually inaugurated the third Land Port at Sabroom, Tripura, where he emphasized the importance of developing India’s northeastern region. The Sabroom Land Port is expected to boost trade and commerce with Southeast Asian countries via the Chattogram port in Bangladesh. 

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Tags: India, Trade Facilitation

March 2024

BBIN Countries Met in Dhaka to Discuss Implementation of BBIN MVA 

Bhutan is contemplating rejoining the Bangladesh-Bhutan-India-Nepal Motor Vehicles Agreement (BBIN MVA). This development was communicated during a meeting in Dhaka, Bangladesh, focused on the implementation of the BBIN MVA. 

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Tags: Bangladesh, Bhutan, India, Nepal, BBIN, Motor Vehicles Agreement, Transport

February 2024

Sabroom ICP to Elevate India-Bangladesh Trade Relations

The new Integrated Checkpost (ICP) at Sabroom in Tripura, India, and its counterpart in Ramgarh Upazila, Bandarban, Bangladesh, is set to usher in a transformative phase in the trade dynamics between India and Bangladesh. The Sabroom ICP is designed to be a comprehensive terminal and logistics hub.

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Tags: India, Trade Facilitation, Tripura

February 2024

Bhutan's Punatsangchhu-II Hydro Project Approaches Finish Line

The Punatsangchhu-II Hydroelectric Project (PHPA-II) in Wangdue, Bhutan, has reached a pivotal phase with the successful filling of its reservoir on 21 February 2024. With a capacity of 7 million cubic meters of water, it will support a 1,020 MW facility expected to produce 4,357 million units of electricity each year.  

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Tags: Bhutan, India, Energy, Hydropower

February 2024

Bangladesh Foreign Minister Advocates for MoU Completion with Bhutan on Hydropower, Urges Reconsidering BBIN Participation 

Mr. Hasan Mahmud, Foreign Minister of the Government of Bangladesh, has emphasized the importance of finalizing a Memorandum of Understanding with Bhutan for the import of hydropower during a meeting with Mr. Rinchen Kuentsyl, Bhutan’s Ambassador to Bangladesh. Dr. Mahmud also encouraged Bhutan to reconsider its participation in the BBIN initiative.    

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Tags: Bangladesh, Bhutan, BBIN, Motor Vehicles Agreement

February 2024

Multimodal Connectivity Is Key to the Future of Bangladesh-India Ties

Mr. Pranay Verma, Indian High Commissioner to Bangladesh, said the future of Bangladesh-India ties lie in efficient multimodal connectivity, through connectivity via road, rail, inland waterways, and coastal shipping.

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February 2024

Bangladesh to Import 9,000 Megawatts of Electricity

Mr. Nasrul Hamid, State Minister for Power, Energy and Mineral Resources of the Government of Bangladesh, has requested the Asian Development Bank (ADB) to fix "actual" energy prices and establish a power market to allow Bangladesh to import and export electricity from and to neighboring countries. Mr. Hamid met with Mr. Takeo Konishi, director general, ADB South Asia Department, and Mr. Edimon Ginting, ADB country director for Bangladesh.

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February 2024

Rajshahi-Murshidabad River Route Inaugurated, Will Boost Bangladesh-India Trade Ties

The river trade route between Rajshahi in Bangladesh and Murshidabad in India was opened on 12 February 2024 to strengthen trade between the two countries. The Sultanganj Port of Call under Godagari Upazila in the district also resumed operations to serve the river trade route and strengthen trade and economic ties between Bangladesh and India.

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February 2024

Tripura Rail Gets Boost with Services to Kolkata via Bangladesh

Railway service between Agartala and Kolkata, India, through Bangladesh is set to begin and expand rail connectivity in Tripura, India, according to Mr. Manik Saha, chief minister of Tripura.

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February 2024

India Prime Minister Lays Foundation Stone for SASEC Corridor Projects

India Prime Minister Narendra Modi laid the foundation stone for multiple road projects in Guwahati, Assam. The projects include the upgrading of 43 roads under the SASEC Corridor Connectivity Project. Among the projects are the upgrading of the Dolabari to Jamuguri road and the Biswanath Chariali to Gohpur road, both of which will be upgraded to 4 lanes to help push economic development in the region.

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January 2024

PTC India Limited Starts Power Supply from Nikachhu Hydroelectric Project

PTC India Limited has commenced power supply from Bhutan’s Nikachhu Hydropower Project. The electricity supply will be imported from Bhutan to Assam under the Long Term Power Purchase Agreement (PPA) executed in 2014.

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Tags: Hydropower, Bhutan, India, Energy

January 2024

Nepal Prime Minister, Sri Lanka President Discuss Regional and Bilateral Issues on 19th NAM Summit

Nepal Prime Minister Pushpa Kamal Dahal and Sri Lankan President Ranil Wickremesinghe , held talks on the sidelines of the 19th Summit of the Non-Aligned Movement (NAM) in Uganda. They discussed issues of bilateral interests. 

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Tags: Nepal, Sri Lanka, Tourism

January 2024

Sri Lanka President Briefs Indian Business Leaders on Sri Lanka’s Economic Vision

The Consortium of Indian Industry (CII) and the World Economic Forum held a roundtable discussion that focused on Sri Lanka’s economic vision, led by Sri Lanka President Ranil Wickremesinghe. He highlighted key factors to Sri Lanka’s sustained economic growth.

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Tags: India, Sri Lanka, Economy

January 2024

India, Nepal Hold Discussions to Bolster Trade Ties 

The India-Nepal Inter-Governmental Sub-Committee (IGSC) on Trade, Transit, and Cooperation to Combat Unauthorized Trade met on 12–13 January 2024 in Kathmandu, Nepal. The meeting highlighted the commitment by the two countries to bolster trade and investment ties to achieve the shared vision of prosperous bilateral trade.

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Tags: India, Nepal, Trade

January 2024

India, Nepal Sign Long-term Power Trade Deal

The Governments of India and Nepal signed a long-term power trade agreement on 4 January 2024. The agreement is a 25-year deal, and aims to export 10,000 megawatts of electricity to India in the next ten years.

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Tags: India, Nepal, Energy