Key Points
Indian ports, with their rich historical heritage and strategic importance, are set to play a crucial role in catapulting global trade to the next level...
The India-UAE Virtual Trade Corridor deal signed in the presence of the visiting Abu Dhabi Crown Prince Sheikh Khalend Bin Mohamed Bin Zayed Al Nahyan, was one of the two agreements signed with the increasingly critical Gulf ally on September 10..
The deal, according to officials is a crucial step towards the India-Middle East-Europe Economic Corridor (IMEC) and will reduce administrative processes and time, logistics and transport costs and will also enhance ease of doing business...
Karan Adani, Managing Director, Adani Ports and Special Economic Zone (APSEZ) says, by the year 2030, India can achieve the capacity to handle a volume of 100 crore tonnes and can also become the centre point of the region by creating a reliable supply chain for neighbouring countries...
The listing guarantees proper licensing systems, training centres, flag state control and port state control in the member countries and propels great demand for the Indian maritime players...
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