Explanation:

India has recently signed a memorandum of understanding (MoU) with Myanmar on the appointment of a private operator to run and maintain Sittwe port, Paletwa inland water terminal, in the Kaladan Multi-Modal Transit Transport Project.
The Kaladan Multi-Modal Transit Transport Project is a project that will connect the eastern Indian seaport of Kolkata with Sittwe seaport in Rakhine State,Myanmar.
Kaladan project involves using sea, river and road transport to link Kolkata and other eastern India ports with Mizoram via Rakhine and Chin.