Port Trusts of Chennai, Vishakhapatnam and Kolkata signed Memorandums of Understanding with the Ranong Port (Port Authority of Thailand) at the first ever BIMSTEC Conclave of Ports that is held at Vishakhapatnam.
The MoUs are slated to strengthen the connectivity between the ports and also enhance economic partnership. Moreover the MoUs will also cut short the sea travel between India and Thailand to seven days from the present ten to 15 days. The two day conclave began on November 7. Inaugurating the Conclave, Minister of State for Shipping Mansukh Mandaviya said that the Conclave would help in strengthening maritime interaction, sharing best practises and increase port-led connectivity among member countries. The conclave mainly focuses on connectivity between the nations in the region. He also reiterated Prime Minister Narendra Modi’s vision of Security and Growth for All in the Region and expressed India’s interest in having deep relations with all the BIMSTEC States. He also hoped that the first Conclave of Ports of BIMSTEC will go a long way in promoting better relationship.