India will be closely following the developments following an agreement between China and Myanmar on Thursday to develop a multi-billion dollar deep sea port in Kyaukpyu on the coast of Bay of Bengal, third in India’s neighbourhood.
China has already helped build port in Gwadar in Pakistan and Hambantota in Sri Lanka. It is also funding the development of the Chittagong port in Bangladesh.
Located on the western coast of Myanmar in Rakhine state, the scaled-down port, part of a special economic zone (SEZ), when developed will not be far away from a submarine base India is developing on its east coast, close to Vishakhapatnam.
Though the total China-Myanmar investment into the Kyaukpyu project has been scaled down to $1.3 billion (initial phase) from the earlier $7 billion figure Read More