chapter  3
Across Asia, if done on the cheap
ByMike McDermott
Pages 22

India's network of commercial relations already extended from western Europe to the Spice Islands. India is also expediting plans for a South Asian Sub-Regional Economic Cooperation (SASEC) road, which focuses on improving connectivity between Bangladesh, Bhutan, Nepal and India. Feasibility studies indicate that the routes for the North-South Transport Corridor would be much cheaper than current ones, cut the transportation time in half and could thereby substantially improve India-Russia trade. As with most of the planet, land is a sensitive issue across Asia, and often at all scales, from personal and households to national and international. Lack of procedural rigour also results in phantom properties being placed on lists for acquisition with some or all the compensation going to corrupt officials or related parties. One of the problems that has to be addressed in opaque markets is the corruption of the valuation process.