India plans to set up SEZ in Rakhine State

bnionline.net, Aug 04,’16

India plans to set up a Special Economic Zone in Sittwe, Rakhine State, where it has already built a port. The proposed SEZ by India will rival the Chinese SEZ located 80 km down of strategically located Sittwe as Delhi plans to make it an economic hub. The aim of the SEZ is to help expand India’s footprints in South East Asia amid China’s plans for massive road and port connectivity projects in the region as part of its One Belt One Road initiative.

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KPK Govt Signs $1.6 Billion Railway Project with Chinese Company

pakistantoday.com.pk, Aug 04,’16

The provincial government of Khyber Pakhtunkhwa and China Communication and Construction Company Ltd has signed the Circular Railway Project worth $1.6 billion at Chief Minister’s Secretariat Peshawar. The project links Peshawar, Nowshera, Mardan, Charsadda with future expansion to Swabi and a speedy service from Peshawar to Islamabad.  China Communication and Construction Company Ltd shall conduct a feasibility study, inclusive of concept design, cost estimation and will prepare a technical and financial proposal to the provincial government in respect of the development of the project. It would also provide a technical specification to the government for the soil investigation and survey.

MoU Signed to Set Up Lincoln Corner at IT University

thenews.com.pk, Apr 20,’16

Information Technology University (ITU) and the US Embassy in Pakistan has signed a MoU to establish a partnership between the university and the US Consulate General in Lahore to build Lincoln Corner on the university’s campus. Lincoln Corners are partnerships between the Embassy and Consulates of the United States of America and selected institutions in Pakistan.

Ceylon Chamber signs MOU with Zurich Swiss-Asian Chamber

Dailynews.lk, Mar 25,’16

The Ceylon Chamber of Commerce and Zurich based Swiss-Asian Chamber of Commerce signed an MOU recently in a bid to promote trade and investments between Sri Lanka and Switzerland. The purpose of this MOU is to establish a practical framework for the development of stronger business relations between the two Parties, and to set forth the procedures of cooperation, which can enhance the implementation of reciprocal economic objectives.

India to Finance Three Water Projects in Sri Lanka

ET, Mar 09,’16

India has signed an agreement with Sri Lanka to provide over $400 million to finance three water supply projects in Sri Lanka. India is also engaged in the reconstruction of the Northern Railway Line in the war-ravaged Northern Sri Lanka.