Japan has proposed developing an industrial hub in Bangladesh with supply chains to the landlocked northeastern states of India, and to Nepal and Bhutan beyond by developing a port and transport in the region, officials said on Tuesday.
It comes after Japanese Prime Minister Fumio Kishida's visit to India last month in which he touted the idea of a new industrial hub for the Bay of Bengal and northeast India that could bolster development in the impoverished region of 300 million people.
"It can be a win-win plan for India and Bangladesh," Hiroshi Suzuki, Japan's ambassador to India, said on Tuesday, citing the industrial hub proposal at a meeting of Indian, Bangladeshi and Japanese officials in Agartala, the Tripura state capital. G Kishan Reddy, India's federal minister for its northeast region welcomed the Japanese initiative at the meeting. Bangladeshi minister of state for foreign affairs Shahriar Alam said it would boost Indian-Bangladeshi trade and help bring in Japanese and other foreign investment.
Tripura state is about 100 kilometres from the proposed seaport, and could prove a gateway for regional exporters, said Sabyasachi Dutta, head of Asian Confluence, a think-tank which organised the two-day meeting.
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