Myanmar rides on Sittwe Port for uplifting Arakan economy

24 Jul 2023 CW Team

Myanmar is hoping its India-built Sittwe Port will be a game changer in regional connectivity and boost its trade with India. The port, which is part of Kaladan multi-modal transit transport project, was opened on May 9. The project seeks to provide an alternative route for connectivity from India’s eastern coast to the north-eastern states through the Sittwe Port. The port links to Paletwa in Myanmar via an inland waterway and a road segment from Paletwa to Zorinpui in Mizoram. Locals hope that direct trade with India will bring economic prosperity for Arakan state.

Agreements are in the pipeline between the two countries for launching direct trade. Myanmar and India are yet to sign a coastal shipping pact to launch trade between Sittwe and Kolkata. The two governments have to decide how many times cargo will be shipped between Kolkata and Sittwe. For example, they can choose to operate one ship a week or two ships a month. Shipping lines will not get much profit during the initial operation.

The port has been opened, but it will be operational only after a shipping line that will run regularly between Koklata and Sittwe is launched. U Tin Aung Oo, chairman, Rakhine State Chamber of Commerce and Industry, is optimistic about the port. “Currently, Bangladesh is the only country Arakan state trades with, and it is the cross-border trade.

Through Sittwe Port, we will be able to trade directly with India’s Kolkata Port. This means there will be more choices for traders. There will also be more job opportunities. I assume that the trade will improve,” U Tin told local media.

Infrastructure Urban

09 Jan 2026

Mount Invests Rs 250 Cr, Adds PUF & PEB Plants, 400+ Jobs

TUMKUR, Karnataka, January 8, 2025 - Mount Roofing & Structures Private Limited, one of India's fastest-growing manufacturers in PUF and a leading solutions provider across Pre-Engineered Building (PEB) and Polycarbonate sheets, simultaneously inaugurated its second fully automated continuous Sandwich Panel manufacturing line and a new PEB manufacturing plant at its integrated campus in Tumkur." The milestone expansion, part of a total investment of INR 250 crores, marks a significant advancement in the company's commitment to engineered performance, manu..

Titan Intech Strengthens UltraLED Push With Global LED Veteran

Titan Intech has announced the induction of global LED industry veteran Su Piow Ko to its Board of Directors, marking a strategic step in strengthening its UltraLED Displays roadmap and building globally competitive LED display solutions from India.The appointment aligns with Titan Intech’s ambition to position India as a hub for advanced, high-quality LED display manufacturing. With an increased focus on UltraLED Displays, the company aims to enhance technical governance, raise manufacturing standards and expand its presence across global markets.Su Piow Ko brings over three decades of inte..

Dun & Bradstreet Flags New Growth Engines in India 2026 Outlook

Dun & Bradstreet has released its India 2026: D&B’s Perspective report, projecting a stable macroeconomic environment underpinned by fresh opportunities for productivity-led and inclusive growth. The report outlines how India’s next growth phase will be driven by digitised logistics, trusted data ecosystems, clean energy and rising city vitality.According to the outlook, India’s GDP growth is expected to reach around 6.6 per cent by FY2027, supported by resilient consumer demand and sustained public investment. Manufacturing is seen entering a new phase, moving beyond scale towar..