India, Korea to sign MoU for cooperation in maritime transport & logistics

[VIJAY SHARMA]

India, Korea to sign MoU for cooperation in maritime transport & logistics

 

The Union Cabinet, chaired by the Prime Minister, Mr Narendra Modi, has given its approval for the signing of a memorandum of understanding (MoU) to cooperate with the Republic of Korea in the fields of maritime transport and logistics

 

The MoU envisages collaboration between the two countries in:

i. The fields of maritime transport and logistics through sharing of technologies;

 

ii. information and experiences;

 

iii. training of seafarers and port operation;

 

iv. developing relationship in international maritime transport on the principle of equality and mutual benefit;

 

v. facilitating cooperation and partnership between the maritime transport and logistics-related organisations and companies of the two countries;

 

vi. utilisation, development and management of domestic and overseas ports;

 

vii. joint businesses;

 

viii. exchange of experts in the fields of maritime transport and logistics;

 

ix. conducting research on maritime developments and

 

x. other forms of cooperation that may be jointly decided upon by the two sides.