Explanation:

Only statement 2nd is correct.

Sittwe Port

• The Ministry of External Affairs (MEA) has approved a proposal for India Ports Global Ltd (IPGL) to take over the operations of the entire Sittwe port located on the Kaladan River, Myanmar.

• It will be India’s 2nd overseas port after Chabahar Port.

• The Sittwe Port, located in the Rakhine State of Myanmar, is a crucial component of the Kaladan multi-modal transit transport project. 

• The deep-water port offers a significant connectivity advantage for cargo to reach from Vizag and Kolkata to the Northeastern states, bypassing Bangladesh.

• It will also reduce dependency on the Siliguri Corridor (or the chicken’s neck) squeezed between Bhutan and Bangladesh. 

Hence option 2nd is correct.