Northeast trade corridor Planners seek feedback
Source: The Sangai Express / TNN
Guwahati, July 19 2014 :
As the Bangladesh-China-India-Myanmar Economic Corridor (BCIM-EC) concept under India's Look East Policy is being actively pursued, policymakers have embarked on a mission to know the pulse of the stakeholders from the northeast as the region's geo-graphy is suitable to translate the idea into reality.
Given the region's ethnic diversity and ecological richness along with relative eco- nomic backwardness, questions are being raised by stakeholders on the impact on people, culture and biodiver-sity once northeast's borders are opened up for trade under BCIM-EC.
The proposed establishment of BCIM-EC, linking Kolkata in India to Kunming in China through Bangladesh and Myanmar, is envisaged to bring together the four countries with 40% of world population, 13% of world GDP and 10% of surface area for open trade and economic integration.
Map of North East (NE) India
Former Indian High Commissioner to Bangladesh Ra- jeet Mitter, who is also the leader of BCIM-EC joint study group, said BCIM-EC is an important dimension of India's Look East Policy (LEP) .
Speaking at a consultation meet on NE's perspective on BCIM-EC here on Friday, Mitter said the sub-regional footprint of BCIM-EC traverses areas of relative underdevelopment, particularly the landlocked south-western part of China and India's northeast.
Mitter suggested that the sub-regional backwardness can be addressed not only through national development programme, but also through trans-national connectivity, economic integration and cross-border cooperation.
Union ministry of external affairs joint secretary (East Asia) P K Rawat said the northeast is the key stakeholder in the initiative.
"BICM started as the Kunming initiative.
With the passage of time, it has broadened with new thinking on developing an economic corridor.
Involvement of industry and stakeholders from the region is very important," Rawat said.
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