India secures second overseas port: Sittwe agreement approved by MEA

India Ports Global is a company 100 per cent owned by the Ministry of Ports, Shipping and Waterways

After Chabahar, India has gained the rights to operate a second overseas port, Sittwe, in Myanmar. The Ministry of External Affairs (MEA) has approved a proposal for India Ports Global (IPGL) to take over the operations of the entire port located on the Kaladan River.

IPGL is a company 100 per cent owned by the Ministry of Ports, Shipping and Waterways.

In the Indian Ocean, China and India are engaged in a struggle to expand their economic influence. Ports have become highly significant in this rivalry. China, in particular, has been aggressively seeking to acquire operating rights for numerous ports