Prime Minister Narendra Modi-led Union Cabinet has approved signing of an MoU between India and Spain on cooperation in port matters. The agreement will be signed with a view to strengthening cooperation and to render sustained mutual assistance and advice on port matters and other related maritime matters. The MoU will be signed on a mutually convenient date and venue.
What are the Advantages?
- Signing of the MoU will help both countries in encouraging and facilitating the development of ports, and provide a cooperation platform for enhancing and stimulating steady growth of maritime traffic.
- It will also help in 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.
- The other advantages are establishment of joint ventures in the fields of port led development, port efficiency, modernisation of existing ports, dredging, particularly maintenance dredging in riverine ports, environment and green port initiative.
- Port engineering, maritime training, information technology including development of simulators, port facilities and related maritime activities, etc will also be possible.
Spain
- Capital : Madrid
- Currency : Euro
- Official Language : Spanish
- Prime Minister : Mariano Rajoy
