India to expand overseas port operations with Mongla terminal in Bangladesh

India is expanding its global port and shipping presence with plans to operate a terminal at Bangladesh's Mongla port, adding to successful agreements in Iran and Myanmar. Managed by India Ports Global Ltd (IPGL), this moves underscores New Delhi's increasing engagement abroad to bolster commercial interests, enhancing access to the Bay of Bengal and strengthening bilateral trade ties.

Securing operational rights at Mongla port holds strategic importance for India amid China's investment declarations in the same port. Offering terminal rights deepens relations with India and advances connectivity efforts for Bangladesh. Mongla Port's rising prominence, driven by capacity constraints at Chattogram, positions it as a crucial regional trade hub. Despite delays, India's commitment to upgrading Mongla facilities reflects long-term strategic interests, promising smoother transit for goods to northeastern states and bolstering regional trade. Regulatory reforms in Bangladesh and enhanced shipping cooperation signal promising bilateral trade and maritime collaboration prospects.

Disclaimer: This information has been collected through secondary research and IBEF is not responsible for any errors in the same.