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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