India and Myanmar have signed an MoU for the appointment of a private port operator for the operation and maintenance of Sittwe port, the Paletwa inland water terminal and associated facilities included in the Kaladan Multi-Modal Transit Transport Project. This is part of India’s Act East Policy. Following this MoU, the process of identifying bidders to maintain these facilities will be initiated by floating requests for proposal. Once the port begins operations, it will offer new infrastructure for trade between India and Myanmar, contributing to job creation and development in the whole region, particularly in the Rakhine and Chin states of Myanmar.
