PARADIP: The coastal trade operation between Bangladesh and Eastern State of Odisha has begun on an impressive note with shipments of containerized cargo from Paradip Port already picking up pace in current year.
The coastal trade with the neighbouring Country is also going to provide impetus to Paradip Port’s annual cargo handling. The port linkage between Odisha and at least two Major Ports of Bangladesh has improved the bilateral sea-route trade and commerce activities and in coming days, business prospects would go up further, said port officials.
Paradip had commenced its coastal trade with Bangladesh on December 29 last year. Shipments of containerized cargoes have taken place thrice since its resumption. In coming months, the Coastal Shipments with the neighbouring Country are expected to go up further, said Chairman, Paradip Port Trust, Mr. Rinkesh Roy.
It was because of the initiative of Union Ministry of Shipping that trade doors with Bangladesh could be explored successfully, said the official.
Earlier the Bangla delegation headed by the Country’s Director of Shipping had a healthy interaction with Paradip Port Trust (PPT) officials. Emphasis was laid on transshipment and Coastal Shipping between the two countries. Besides PPT, the ports like Visakhapatnam, Haldia and Kolkata are also reaping benefits following the sea-route commercial of both the countries.
As per an agreement signed between the two countries, Bangladeshi coastal vessels are being used commercially for transporting cargoes to and from India through Chittagong and Mongla Ports. Bangaldesh has also suggested a protocol for transhipment of Indian cargo by using the conventional coastal vessels.
The bilateral coastal shipping is covering import, export and carrying of transit goods between the two countries.
The cost of transportation of goods from Bangladesh to India by road route is always on a higher side. But the sea-route handling of goods has substantially reduced the transportation cost. Both countries are reaping benefit from the Coastal Shipping, according to port officials.