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Indian, Thailand ports trusts sign three MoUs to reduce sea travel time

The BIMSTEC region brings together 1.67 billion people or 22% of the world's population

Press Trust of India  |  Visakhapatnam 

port, ship
File photo: The MoUs will contribute to BIMSTEC objective of strengthening connectivity

Three agreements have been signed between Ranong Port (Thailand) and of Chennai, Visakhapatnam and Kolkata, with an aim to reduce sea travel time between the two countries to more than a half.

The memoranda of understanding (MoUs) were signed during the two-day conclave of which concluded here on Thursday. It was the first such conclave.

The MoUs will contribute to objective of strengthening connectivity and is part of India's Act East Policy, said an official release.

"These MoUs will enhance economic partnership by cutting down the sea travel time between India and from 10-15 days to seven days," it added.

The Bay of Bengal Initiative for Multi Sectoral Technical and Economic Cooperation (BIMSTEC) links five countries from South Asia (Bangladesh, Bhutan, Nepal, India and Sri Lanka) and two from South-East Asia (Myanmar and Thailand).

The region brings together 1.67 billion people or 22 per cent of the world's population and a combined gross domestic product of USD 3.71 trillion.

While inaugurating the conclave, Union Minister of State for Shipping (Independent Charge) Mansukh Mandaviya said India was keen on forging deep relations with BIMSTEC member countries.

First Published: Thu, November 07 2019. 21:25 IST