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

May 18, 2015 10:40 am Published by

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.

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This post was written by Atlantic Admin