India has shown interest in managing the Mongla Port in Bangladesh and constructing a new terminal there, the Economic Times reported.
This comes amidst China's efforts to operate the strategically important port. India already oversees the Chabahar Port in Iran and the Sittwe Port in Myanmar.
Moneycontrol couldn't independently verify the report.
This move is seen as a way for India to counterbalance China's growing presence in the region and strengthen its role as a security provider in the Indian Ocean.
Prime Minister Narendra Modi is expected to discuss this matter with Bangladeshi Prime Minister Sheikh Hasina during their upcoming meetings.
India has supported Hasina's government after elections, and the Bangladesh PM is planning to visit India later this month or in early July, as per the report.
India has transshipment access to both Chittagong and Mongla ports, which helps in transporting cargo to northeastern states, bypassing the vulnerable "chicken's neck" corridor.
India Ports Global Limited (IPGL) has visited Mongla Port to study its operations, and negotiations are underway. If successful, Mongla will be India's third international port operation after Chabahar and Sittwe.
Mongla Port Authority will evaluate the proposal, considering its profitability. The port currently operates container and bulk carrier vessels and plans to construct two more jetties to handle increased cargo volume from transshipment.
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