MNA Business Desk: For constructing a multipurpose container terminal at Payra seaport, India and Bangladesh is going to sign some agreements on using Mongla and Chittagong harbors apart from.
Both countries are in negotiation at shipping secretary-level meeting in Dhaka, on numerous phases of separate MoUs (memoranda of understanding).
The convention will complete things on proposed MoUs and those are likely to be signed during P_M Sheikh Hasina’s upcoming New Delhi visit in the third week of the current month.
Some Indian private companies and state-owned ‘India Port Global’ have shown attention in building a multipurpose container terminal at Payra seaport.
This third seaport of the country is indeed a vital addition to the country’s infrastructure. For a nation whose economy is considered to be on a rapid rise in the world, known as the second most powerful textile industry.
Bangladesh’s economy has been expanding steadily and this deep-sea port is likely to play a crucial role in the country’s economic future especially considering the fact that capacity of the Chittagong Port is almost exhausted.