The government is in talks with Asean countries to extend the India-Myanmar-Thailand (IMT) highway up to Vietnam, a senior official said today.
India and Asean countries are holding consultations on the extension of the 1,360 km IMT highway -- from Moreh in India to Mae-Sot in Thailand -- to Laos, Cambodia and to Vietnam, she said.
Already some level of discussions have started and...we have also announced certain line of credit for the purpose on certain projects, said Dakshita Das, Joint Secretary, Ministry of Road Transport and Highways.
She was speaking at the Asean-India Connectivity Summit, organised here by industry body CII.
Once we connect, we have a tremendous potential in terms of incremental GDP. Connectivity can generate annually, an estimated USD 70 billion in incremental GDP and 20 million in incremental aggregate employment by 2025, she said.
The Association of Southeast Asian Nations (Asean), has 10 member nations -- Indonesia, Malaysia, The Philippines, Singapore, Thailand, Brunei Darussalam, Vietnam, Lao PDR, Myanmar and Cambodia.
Source: The Economic Times