Gadkari inks pact with Korea to open up job opportunities for Indian seafarers

Image
Press Trust of India New Delhi
Last Updated : Apr 10 2018 | 8:10 PM IST

India and South Korea today signed an agreement on mutual recognition of competency certificates of seafarers, paving the way for Indian mariners to seek employment on more than 500 Korean ships.

Indian shipping and transport minister Nitin Gadkari, who started his four-day visit to Korea yesterday, said the pact will benefit both the nations, who are eyeing partnerships in ship-building, waterways and smart transportation, among others.

"India signed an MoU (memorandum of understanding) with the Republic of Korea on mutual recognition of certificates of competency of seafarers. This paves the way for the two governments to mutually recognise the certificates of maritime education and training, competency, endorsements and medical fitness of seafarers issued by each other," the Ministry of Shipping said in a statement here.

The agreement was signed by Gadkari and his Korean counterpart Kim Young-choon at a ceremony in Busan today.

The statement quoted Gadkari as saying, "The signing of the agreement will benefit both countries. Korea is a large ship owning nation. As of now, Korean entities own more than 500 foreign going ships, and need seafarers to work on their fleet. India has around 1,54,349 seafarers. The agreement will open up employment opportunities for Indian seafarers on Korean ships."

Disclaimer: No Business Standard Journalist was involved in creation of this content

*Subscribe to Business Standard digital and get complimentary access to The New York Times

Smart Quarterly

₹900

3 Months

₹300/Month

SAVE 25%

Smart Essential

₹2,700

1 Year

₹225/Month

SAVE 46%
*Complimentary New York Times access for the 2nd year will be given after 12 months

Super Saver

₹3,900

2 Years

₹162/Month

Subscribe

Renews automatically, cancel anytime

Here’s what’s included in our digital subscription plans

Exclusive premium stories online

  • Over 30 premium stories daily, handpicked by our editors

Complimentary Access to The New York Times

  • News, Games, Cooking, Audio, Wirecutter & The Athletic

Business Standard Epaper

  • Digital replica of our daily newspaper — with options to read, save, and share

Curated Newsletters

  • Insights on markets, finance, politics, tech, and more delivered to your inbox

Market Analysis & Investment Insights

  • In-depth market analysis & insights with access to The Smart Investor

Archives

  • Repository of articles and publications dating back to 1997

Ad-free Reading

  • Uninterrupted reading experience with no advertisements

Seamless Access Across All Devices

  • Access Business Standard across devices — mobile, tablet, or PC, via web or app

More From This Section

First Published: Apr 10 2018 | 8:10 PM IST

Next Story