Categories: Economy

Bangladesh shouts from rooftops for early implementation of BBIN

<p>
Bangladesh has reiterated the need for an early implementation of the proposed Bangladesh-Bhutan -India-Nepal (BBIN) Motor Vehicles Act to boost connectivity and economic development in South Asia.</p>
<p>
According to <a href="https://unb.com.bd/category/Bangladesh/bbin-pact-to-boost-bangladesh-nepal-ties-momen/80802">United News of Bangladesh</a> (UNB) the country’s foreign minister AK Abdul Momen raised the issue with the outgoing Nepalese Ambassador to Dhaka Banshidhar Mishra.</p>
<p>
Nepal and Bhutan, the two landlocked countries in the region, are dependent on India and Bangladesh for port access.</p>
<p>
While experts said that fast-tracking the BBIN project would have boosted economic growth in the region especially in the post Covid phase, Nepal’s political situation with Prime Minister Sher Bahadur Deuba coming in amid several other challenges could delay the implementation of the BBIN project.</p>
<p>
<strong>Also read: <a href="https://www.indianarrative.com/economy-news/india-and-bangladesh-set-to-hold-high-level-talks-to-expand-connectivity-through-waterways-122017.html">India and Bangladesh set to hold high level talks to expand connectivity through waterways</a></strong></p>
<p>
Analysts said that Dueba will have to prioritise other pressing issues at home.</p>
<p>
The BBIN initiative can be a game changer in the region. Analysts said that the project will be critical for India at a time when China is expanding its military and economic might through the multi-billion infrastructure project under the Belt and Road Initiative.</p>
<p>
Meanwhile, countries within the region have emphasised the need to boost connectivity among themselves. South Asian countries are among the least connected and integrated in the world today.</p>
<p>
“The eastern sub-region is poised to become an economic growth pole for South Asia. An important component of this development potential is for countries to invest in connectivity – rail, inland waterways, and roads,” Junaid Ahmad, World Bank Country Director in India said in the report.  </p>

IN Bureau

Recent Posts

All visa applications treated on merit basis, MEA on US visa issues for Indian nationals

The Ministry of External Affairs (MEA) has taken note of the new guidelines issued by…

15 hours ago

“India’s concern on terrorism was not acceptable to one country’: MEA on Rajnath Singh refusal to sign SCO joint statement

The Ministry of External Affairs on Thursday said India refused to sign the joint declaration…

15 hours ago

India evacuated 3,426 Indian nationals from Iran, 818 from Israel in Operation Sindhu: MEA

The Ministry of External Affairs spokesperson Randhir Jaiswal said that India, so far have evacuated…

16 hours ago

Axiom-4 piloted by Group Captain Shukla docks successfully at International Space Station

Axiom 4 mission aboard the SpaceX Dragon spacecraft successfully docked at the International Space Station…

16 hours ago

First Kashmiri-Kannada film ‘Harmukh’ captivates audience in Srinagar

In a significant moment for regional cinema and cultural dialogue, the premiere of 'Harmukh', the…

17 hours ago

“Language is the soul of a nation, not just a medium of communication,” says Union Minister Amit Shah

Union Home Minister Amit Shah on Thursday said that languages were not just a medium…

19 hours ago