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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