US eyes port in Bangladesh for Bay of Bengal presence
The United States is considering developing a port in Bangladesh. This initiative, under the Quad Ports for Future program, aims to establish a US presence in the Bay of Bengal. The move is designed to counterbalance China's influence. India alrea...

The US has held an initial meeting with the concerned stakeholders in Dhaka this week as part of its plan in Bangladesh's port sector, ET has learnt. Persons familiar with the matter told ET that the US will first undertake a feasibility study before making concrete moves to set up a port.
ET had reported earlier this week that the US military is active in the strategically located Chittagong area of Bangladesh.

Ironically, India does not have a role yet in the US plan in Bangladesh though the move is made under the Quad Ports initiative.
India, meanwhile, is toying with the idea of a public-private-partnership model for building a port in Bangladesh in future. Japan is constructing a deep sea port at Matarbari in Bangladesh. Japan's involvement aims to establish a major regional transshipment and industrial hub, enabling large vessels to dock directly, reducing costs and transit times and enhancing trade for Bangladesh and its neighbours, including India's northeastern states.
The Economic Times Business News App for the Latest News in Business, Sensex, Stock Market Updates & More.
The Economic Times News App for Quarterly Results, Latest News in ITR, Business, Share Market, Live Sensex News & More.