An Indian conglomerate will develop a container terminal at the Ahlon Port at a cost of US$290 million, according to iMyanmarHouse.com.
The container terminal will be developed by the Adani Group on more than 50 acres of land, said U Thant Sin Lwin, acting Director-General, Directorate of Investment and Company Administration.
India is implementing the Kaladan Multi-Modal Transit Transport Project, which will link India and Myanmar by sea and road.
The project will connect Kolkata in India with the Sittway seaport in Rakhine State of Myanmar by sea.
A road to India’s Mizoram state is also planned under the project.
Indian investors are eyeing Myanmar’s energy, transportation, banking, insurance, and health service businesses.
According to data provided by the DICA, 30 Indian listed companies have brought in $763.5 million into the country so far.