Govt officials said, India began its trial Trans Shipment of goods from India to the North East nations through the Port of Chittagong.
Recently, New Delhi and Dhaka signed an agreement to transit goods to north east countries via Chittagong ports of Bangladesh. Indian goods will relaxation 28 day free stay at the Chittagong port under the international transshipment agreement.
India & Bangladesh Agreement
Last year, PM Sheikh Hasina visit to India, both neighbouring nations had signed transshipment agreements. under this agreement India get a full access of Mongla and Chittagong ports of bangladesh.
China’s String of Pearls vs India’s necklace of diamonds
China’s ‘String of Pearls’ strategy to counter India ensues establishing maritime bases in Indian Ocean countries Bangladesh, Sri Lanka, Maldives, Pakistan and Djibouti to enhance its influence and military power in ocean.
The sea lines run through several major maritime choke points such as the Strait of Mandeb (Yemen), the Strait of Malacca (Malaysia Peninsula and the Indonesian island), the Strait of Hormuz (Persian Gulf and the Gulf of Oman), and the Lombok Strait (Java Sea to the Indian Ocean).
India has been creating a “Necklace of Diamonds” in indian ocean to counter the “String of Pearls” created by Mainland China The ‘Diamond Necklace’ comprises
1. Changi Naval Base in Singapore
2. Chabahar Port in Iran
3. Assumption Islands in Seychelles
4. Sabang port in Indonesia
5. Duqm Port in Oman
Challenges to India’s strategy
Iran has decided to proceed with Chabahar-Zahedan railway line project by itself citing delays in funding from india. China’s investments in its String of Pearls exceed the investments made by India for its Necklace of Diamonds. Almost all nations have economies dependent on China.
India begins Trans Shipments through Chittagong port India begins Trans Shipments through Chittagong port