News

Monday
July, 15

India has entered into MoUs and agreements on maritime transportation with 34 countries: Sonowal

Featured in:


India has already entered bilateral agreement & MoUs with 34 countries on maritime transport & cooperation and signed MoUs on recognition of certificates of seafarers with 40 countries, Sarbananda Sonowal, Union Minister of Ports, Shipping and Waterways, said on Tuesday. 

According to him, the country has been an active participant in various multinational maritime forums for equitable and sustainable development. 

Sonowal was speaking at a virtual interaction that included Indian Ambassadors from the East and the West Zones. The meeting was aimed at exploring investment opportunities in the domestic maritime sector.

The meeting saw participation from more than 45 Indian missions including USA, UK, France, Canada, Singapore, Russia, UAE, Australia, Korea, Spain, Sweden, Switzerland, Denmark, Netherlands, Brazil etc. 

Indian missions from the Commonwealth of Independent States, BIMSTEC, Middle East, Gulf and other neighbouring countries on eastern side were also present.

“With a potential investment of more than ₹10 lakh crore ($12,000 million), we can drive economic transformation that resonates within our borders and reverberates globally. We recognize the importance of robust international trade relations for its economic growth and are taking various initiatives to enhance global cooperation on the maritime front” Sonowal said. 

Alluding to the upcoming Global Maritime India Summit (GMIS) 2023, the Minister urged ambassadors to leverage their positions and  drive participation from respective governments and corporates of these participating countries. 

Sonowal said, India has emerged as the fifth largest economy in terms of GDP and the third largest in purchasing power parity. 

The maritime sector here is also opened for 100 per cent Foreign Direct Investment through automatic routes.

From cruise tourism to shipbuilding and maritime education, the country’s Maritime  Vision encompasses multiple domains that present opportunities for international collaboration, Sonowal maintained. 





Source link

Find us on

Latest articles

- Advertisement - spot_imgspot_img

Related articles

Modern Plastics Award 2024 (Indian Second Edition) is the...

Modern Plastics Award 2024 (Indian Second Edition) is the Ultimate and Largest Award in The Indian Plastics...

Kotak Mahindra shares rise 4% on RBI nod to...

Kotak Mahindra shares rise 4% on RBI nod to Zurich Insurance buying 70% in Kotak General Kotak Mahindra...

Adani Green Energy, Adani Enterprises, Adani Ports Shares Rallied...

Adani Green Energy, Adani Enterprises, Adani Ports Shares Rallied Up to 12% Today. Here's Why Adani stocks: Motilal...

Vodafone Idea shares zoom 14% today; key technical levels...

Vodafone Idea shares zoom 14% today; key technical levels to watch out for Vodafone Idea share price: The...

SCREEN Launches High-Density SU Ink For Uncoated Papers Used...

SCREEN Launches High-Density SU Ink For Uncoated Papers Used By Truepress JET 520HD Mono It has developed this...

Nadeem Amin is the New President for Netstal Americas

Nadeem Amin is the New President for Netstal Americas Netstal appoints Nadeem Amin as its new President for...