Petrapole terminal to be followed up with warehouse building
India-Bangladesh trade volume has increased to Rs.30,500 crore in 2023-24, a 64% growth over Rs.18,000 in 2016-27, 70% of which was through land routes via Petrapole, Home Minister Amit Shah said on 27 Oct at the inauguration of Passenger Terminal Building and a Maitri Dwar in West Bengal fieo.org .
The Rs.487 crore terminal, built by the Land Port Authority of India (LPAI) at Petrapole, is the largest and busiest land port in South Asia, which enhances trade and movement between the two countries, he said globaltenders .
The increase in trade will boost transportation businesses, leading to the establishment of warehouses, and create various employment opportunities, he said, pointing out that approximately 24 lakh passengers travelled through Petrapole in 2023-24 sbi.com.in .
The LPAI is working on the mantra of 4 Ps — Prosperity, Peace, Partnership and Progress nseindia .
Shah noted that this new initiative will bring about a significant change in the prosperity of the entire region and will usher in a new era of partnership with neighboring countries bseindia .
The terminal, built on nearly 60,000 square meters, has the capacity to handle 25,000 passengers daily, and will greatly boost medical and educational tourism, he said conexpoconagg . fiinews.com
