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MoU signed for Trade Cooperation with Port Authority of Thailand and Chennai, Vishakhapatnam and Kolkata Ports

Logistic News - Published on Thu, 14 Nov 2019

Image Source: 5dariyanews
Three Memorandums of Understanding have been signed between Ranong Port of Port Authority of Thailand and the Port Trusts of Chennai, Vishakhapatnam and Kolkata during the Conclave today. These MoUs will contribute to BIMSTEC objectives of strengthening connectivity and is part of India’s Act East Policy. These MoUs will enhance connectivity between ports on Thailand’s West Coast and Ports on India’s East Coast Chennai, Vishakhapatnam and Kolkata. These MoUs will enhance economic partnership by cutting down the sea travel time between India and Thailand from 10-15 days to 7 days.

India attaches great importance to bay of Bengal initiatives for multi Sectoral Technical and Economic Cooperation which links five countries from south Asia Bangladesh, India, Sri Lanka, Bhutan and Nepal and two from South East Asia Myanmar & Thailand.

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Posted By : Yogender Pancholi on Thu, 14 Nov 2019
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