Regional Connectivity through Banglabandha Port: Opportunities and Challenges for Bangladesh

Abstract

Purpose: Bangladesh should focus on trade-related activities for its sustainable economic development rather than remittance earnings. All kinds of connectivity play a significant role in establishing bilateral relations, improving trade, and creating economic opportunities. This paper discusses the benefits of land connectivity among Bangladesh, India, Nepal, and Bhutan through the Banglabandha port. Methodology: The study sample size was 46, among which 15 were exporters, 15 were importers, 15 were clearing and forwarding agents, and one from the port authority. Separate questionnaires collected primary data, and researchers interviewed the respondents to get the actual scenario of the Banglabandha port. Secondary sources are used to understand the opportunities and challenges that lie in border connectivity with its vicinity regions. Findings: Banglabandha port is one of the strategic ports of Bangladesh, which connects India, Nepal, and Bhutan in a very short distance. Since the emergence of the port in 2014, trade has been increased among the countries through the Banglabandha port. All neighboring countries can gain from the development of the intra-network by using the port, and it will contribute to the improvement of the living standard for all. Bangladesh can benefit from transit facilities and increased business scope. Limitations: This paper includes a small number of respondents which should not be the case. However, somebody can extend future research with respondents from each country (India, Nepal, and Bhutan). Practical Implications: This paper might help the countries' authority to understand the value of the Banglabandha port for all. Originality: There are available research publications on overall connectivity among Bangladesh's neighboring countries but not on Banglabandha Port. This paper might motivate governments to investigate the opportunities that Banglabandha has to offer.