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China is pushing to expedite development of its stalled Particular Financial Zone (SEZ) in western Myanmar’s Rakhine state geared toward guaranteeing smoother entry to the Bay of Bengal.
The initiative may doubtlessly forged a shadow over India’s strategic pursuits within the area the place it has been a standard web safety supplier whilst a belligerent Beijing has been in search of a foothold. Myanmar’s navy junta and Chinese language state-owned firm CITIC not too long ago signed an addendum to the concession settlement for the Kyaukphyu SEZ and deep sea port.
The venture is being developed by the Kyaukphyu SEZ Deep Seaport Co. Ltd, a three way partnership between the CITIC Myanmar Port Funding Ltd and the Myanmar government-backed Kyaukphyu SEZ Administration Committee.
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