This discussion paper attempts to examine two major questions, first, if RVC can be developed in South Asia, and, second, is the South Asian region ready for this development? We are premising our arguments on the marginal rise in trade volume over the last decade, coinciding with the removal of a number of tariff and para-tariff barriers particularly by India, and the recent focus on developing a multi modal transportation infrastructure in the region as well as measures to facilitate trade and logistics being undertaken by India and the neighborhood. The paper is confined to India, Bangladesh and Sri Lanka.