Gati Ship, a 100 per cent subsidiary of Gati Ltd, is to commence a dedicated shipping route service between Chennai and Yangon. This will help businesses maximise trade potential between the two countries.
The Hyderabad-based Gati Ship is the only licensed operator making several voyages a month between India and Myanmar via Port Blair. It is the only direct service operator on the East Coast of India-Myanmar route, says a company press release.
Dhruv Agarwal, Vice President, Gati Ship said that with the opening up of the trade relations between and India and Myanmar and an aggressive bilateral trade projection, the company sees a lot of business potential on this route.
The trade potential between India and Myanmar is expected to double to $2 billion by 2015. The proposed Kaladan Multimodal Transit Transport Project envisages a direct trade corridor between a port in Myanmar and Indian ports on the eastern coast, which will then pass through riverine transport and lastly by road to Mizoram and would further boost trade between the two countries, says the release.