The Union Cabinet chaired by Prime Minister Narendra Modi has given its approval for the Revised Cost Estimate (RCE) of 2904.04 crore rupees for the Kaladan Multi Modal Transit Transport Project in Myanmar. The objective of the project is to create a multi-modal mode of transport for cargo shipment from the eastern ports of India to Myanmar. It will provide an alternate access route to India’s north east region and contribute towards the regional economic development.

The strategic link will promote economic, commercial and strategic links between India and Myanmar as it will connect North-East, thereby reducing pressure on the Siliguri Corridor. This project will connect Sittwe Port in Myanmar to the India-Myanmar border via roadway.

Myanmar

• In 1989 the largest nation of mainland Southeast Asia changed its name from Burma to Myanmar.
• In 2006 the capital moved from Yangon (formerly Rangoon) to Nay Pyi Taw.
• The ethnic origins of modern Myanmar (known historically as Burma) are a mixture of Indo-Aryans.
• Myanmar is a resource-rich country with a strong agricultural base, and is a leading producer of gems, jade, and teak.
• Thein Sein is the current President of Myanmar.