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Source– This post on Sittwe Port- India’s second overseas port is based on the article “India secures second overseas port: Sittwe agreement approved by MEA” published in “Business Standard” on 7th April 2024.
Why in the News?
Recently, India has gained the right to operate its second overseas port, Sittwe in Myanmar.
India Ports Global (IPGL), a company fully owned by the Ministry of Ports, Shipping, and Waterways, is set to take charge of operations at the Sittwe port.
About Sittwe Port
1. Sittwe Port is situated in Sittwe, the capital of Rakhine State in Myanmar.
2. It is situated at the mouth of the Kaladan River, which flows into the Bay of Bengal.
3. The port was constructed by India as part of the Kaladan Multi-Modal Transit Transport Project.
Importance of the port
1. Its coastal location provides access to maritime trade routes, making it a crucial gateway for regional and international commerce.
2. Being a deepwater port, it is capable of accommodating large vessels. Its depth allows for efficient loading and unloading of cargo, facilitating trade and transportation.
Strategic Implications for India
1. Alternative route for Goods Transport- Sittwe port serves as an essential outlet for goods from India’s northeastern region. It offers a smoother and more cost-effective alternative to the congested traditional land routes.
2. Enhances India’s Maritime Connectivity- The port is positioned close to the Indian Ocean and near the Strait of Malacca. The strategic location of the Sittwe Port enhances India’s maritime connectivity and trade routes, while also bolstering regional security.
3. Countering Chinese Agressiveness- The move of acquisition of the Sittwe Port supports India’s economic ambitions, strengthens its naval capabilities, and demonstrates its commitment to protecting its strategic interests in the Indian Ocean amidst China’s growing assertiveness in the region.
UPSC Syllabus: International relations
