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Transport connectivity can dramatically boost economies of India, Bangladesh
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The News Scroll 09 March 2021
Last Updated at 8:03 pm | Source: PTI
BBIN countries in South Asia can be economic growth pole of sub-region: World Bank India head Outlook March 09, 2021 20:03 IST BBIN countries in South Asia can be economic growth pole of sub-region: World Bank India head outlookindia.com 1970-01-01T05:30:00+0530
New Delhi, Mar 9 (PTI) Improvement in connectivity between Bangladesh and India, alongside Bhutan and Nepal, has the potential to make the sub-region an economic growth pole for South Asia and can add substantially to their gross domestic product (GDP), World Bank India Head Junaid Ahmad said on Tuesday. A seamless transport connectivity between India and Bangladesh has the potential to increase national income by as much as 17 per cent in Bangladesh and 8 per cent in India, the World Bank said in its latest report on Connecting to Thrive: Challenges and Opportunities of Transport Integration in Eastern Sout
Intraregional trade in South Asia accounts for barely five percent of the region s total trade-just a fraction of the 25 percent for the ASEAN region. Bilateral trade between Bangladesh and India represents only 10 percent of Bangladesh s total foreign trade, and one percent of India s trade. A key factor for the low numbers is the sub-optimal transport integration in the region.
Transport integration agreements in South Asia therefore are crucial for creating cross-border integrated transport markets in the region. The Motor Vehicles Agreement (MVA)-signed by Bangladesh, Bhutan, India, and Nepal (BBIN) in 2015-is a cornerstone of that integration. If implemented in full, it could lead to seamless movement of passenger, personnel, and cargo vehicles across the South Asian countries.
Nuport Robotics: Canadian Tire and NuPort Robotics to Commercialize Canada s First Automated Heavy Duty Trucking Technology
and more efficient transport of goods by semi-tractor trailers
TORONTO, ON / ACCESSWIRE / March 11, 2021 / Canadian National retailer Canadian Tire Corporation (TSX:CTC.A)(TSX:CTC) and Toronto-based startup NuPort Robotics Inc., Canada s first autonomous trucking company, have announced a partnership with the Ontario government to invest $3 million to undertake an automated heavy duty trucking project to test a first-of-its-kind-in-the-world technology.
Jennifer Reardon, Associate VP, Transportation Integration and Ops Support at Canadian Tire
The breakthrough technology provides a transportation solution for the middle mile, the short-haul shuttle runs that semi-tractor trailers make between distribution centres, warehouses and terminals each day. It is designed to enable next-generation automated trucks that are more fuel efficient, safer to operate, and
Canadian Tire and NuPort Robotics to Commercialize Canada s First Automated Heavy Duty Trucking Technology
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