India, China, Bangladesh and Myanmar in the third week of December 2013 held the first ever official-level discussions on the ambitious corridor to link India and China with Bangladesh and Myanmar.
The BCIM corridor faced a rapid boost for the first time after it was discussed with ministerial level talk. The four member countries namely, Bangladesh, India, China, and Myanmar proposed the establishment of the BCIM Forum for regional cooperation.
Over the next six months, each country will come up with a joint study report proposing concrete projects and financing modalities, before the next meeting of the four nations in June 2014.
The next meeting would be hosted by Bangladesh.
Presently, the four countries come up with an ambitious proposal that included developing multi-modal transport, such as road, rail, waterways and airways, joint power projects and telecommunication networks.
As a first step, the four countries will identify realistic and achievable infrastructure projects to boost physical connectivity.
The linking of all four countries by road has further strengthen the notion that this corridor would subsequently open up the whole of the northeastern region of India to Southeast Asia and China and turn it into a significant channel of trade.
The BCIM corridor faced a rapid boost for the first time after it was discussed with ministerial level talk. The four member countries namely, Bangladesh, India, China, and Myanmar proposed the establishment of the BCIM Forum for regional cooperation.
Over the next six months, each country will come up with a joint study report proposing concrete projects and financing modalities, before the next meeting of the four nations in June 2014.
The next meeting would be hosted by Bangladesh.
Presently, the four countries come up with an ambitious proposal that included developing multi-modal transport, such as road, rail, waterways and airways, joint power projects and telecommunication networks.
As a first step, the four countries will identify realistic and achievable infrastructure projects to boost physical connectivity.
The linking of all four countries by road has further strengthen the notion that this corridor would subsequently open up the whole of the northeastern region of India to Southeast Asia and China and turn it into a significant channel of trade.
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