BIMSTEC Ports Conclave
The first ever ‘BIMSTEC Ports’ Conclave’ was held in Vishakhapatnam, Andhra Pradesh.
Key Highlights
- The conclave aims at providing a platform to:
- Strengthen maritime interaction and ties between the countries.
- Enhance connectivity through port-led initiatives.
- Explore the possibility of increasing economic cooperation by furthering EXIM trade and coastal shipping.
- Discuss various investment opportunities and best practices adopted for enhanced productivity and safety at ports.
- Three MoUs were signed between Ranong Port (Port Authority of Thailand) and the Port Trusts of Chennai, Vishakhapatnam, and Kolkata during the Conclave.
- These MoUs form a significant part of India’s Act East Policy. It will also enhance economic partnership ....
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