The Bay of Bengal is a strategic location brimming with infinite potential yet to be tapped. The Bay of Bengal Initiative for Multi-Sectoral Technical and Economic Cooperation (BIMSTEC), comprising of the seven member states of South and Southeast Asia, is a distinctive subregional initiative in terms of both its political geography and proximity to the Bay. Being dormant for more than two decades since its formation, it is only in recent years that the subregion awoke towards the requirement of enhancing their regional commitment. Part of this realisation has been due to the overflowing eminence of the maritime space. Additionally, the subregion started gaining thrust, post the stagnation of the South Asian Association for Regional Cooperation (SAARC), which ambushed much of India’s economic stakes in the region. However, there is growing concern among several spectators that unless the current diplomatic ties between Bangladesh and Myanmar progress, the BIMSTEC initiative may suffer the same fate as SAARC.