New Delhi, Jan 23 (KNN) The Indian Ports Association (IPA) in collaboration with the Research and Information System for Developing Countries (RIS) will develop a Centre for Maritime Economy and Connectivity in India.

An agreement between the two organisations was recently signed in New Delhi.

Union Minister for ports, shipping and waterways Sarbananda Sonowal, who witnessed the signing ceremony, tweeted that the institute will pave way for seamless, cost-effective trade and commerce with neighbours.

Secretary handling the ministry Sanjeev Ranjan said the proposed transhipment port at Galathea Bay at Greater Nicobar in Andaman and Nicobar Islands will be advantageous for the Bay of Bengal Initiative for Multi-Sectoral Technical and Economic Cooperation (BIMSTEC) member nations.

He further said that India’s GatiShakti initiative will go beyond the shores and ports of the neighbouring countries can also benefit.  (KNN Bureau)