Sittwe - Economy

Economy

In February 2007, India announced a plan to develop the port, which would enable ocean access from Indian Northeastern states, so called "Seven sisters", like Mizoram, via the Kaladan River. Sittwe's citizenry, especially Buddhist monks, have participated in the 2007 Burmese anti-government protests

In October 2011, as part of a recent bilateral trade deal signed by Myanmar and India, the two countries pledged a U$120 Million port and multimodal investment to complete the infrastructure linking Indian Northeastern provinces to Sittwe port in Northwestern Myanmar, overland via India's Mizoram by 2013.

The port of Sittwe will undergo extensive dredging and the construction of new berthing terminals. Once operational it will offer direct sailings to enable Burmese and Indian shippers to pick up mainline services to and from Kolkata. The two countries also pledged to double bilateral trade to $3 billion by 2015 by reducing trade tariffs.

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