India & Egypt to sign agreement on maritime transport

New Delhi, Oct 21 (KNN)  The Union Cabinet chaired by the Prime Minister Narendra Modi, has given its approval today for signing of an agreement between India and Egypt on Maritime Transport.  The move will encourage and facilitate the development of maritime relationship to include exchange of information, training and joint ventures between the two countries.

“Recognizing the significant mutual benefit that can be derived from-cooperation in the area of shipping between the two countries, it has been decided to sign the Agreement with a view to strengthening cooperation and to render sustained mutual assistance and advice on merchant shipping and other related maritime matters,” an official release said.

The Agreement would be signed on a mutually convenient date and venue.

Signing of the Agreement will help, both countries to encourage and facilitate the development their maritime relationship and cooperate in the task of enhancing and stimulating steady growth of maritime traffic, exchange and training of staff and students from various maritime establishments, exchange-of information necessary for accelerating and facilitating the flow of commercial goods at sea and at ports, establishment of joint ventures in the fields of maritime transportation, shipbuilding and repairs, maritime training, information technology including development of simulators, port facilities and related maritime activities, etc.   (KNN Bureau)