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
You’ve reached your limit of {{free_limit}} free articles this month.
Subscribe now for unlimited access.
Already subscribed? Log in
Subscribe to read the full story →
Smart Quarterly
₹900
3 Months
₹300/Month
Smart Essential
₹2,700
1 Year
₹225/Month
Super Saver
₹3,900
2 Years
₹162/Month
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
