India Takes Full Operational Control of Sittwe Port in Myanmar
| Aspect | Details |
|---|---|
| Port Name | Sittwe Port, Myanmar |
| Operational Control | India Ports Global (IPGL) gains full operational control. |
| Ownership | IPGL is fully owned by India's Ministry of Ports, Shipping, and Waterways. |
| Type of Agreement | Long-term lease, renewable every three years. |
| Strategic Significance | India's second overseas port acquisition after Chabahar, Iran. |
| Integration with Project | Part of the Kaladan Multimodal Transit Transport Project. |
| Connectivity | Enhances connectivity between Sittwe (Myanmar) and Mizoram (India) via waterways and road networks. |
| Economic Benefits | Aims to reduce transportation costs and boost trade in northeastern states like Mizoram and Tripura. |
| Security Concerns | Ongoing conflict in Rakhine state between Myanmar army and Arakan Army rebels. |
| Potential Risks | Rebel control over Rakhine could threaten port operations. |