The sailing time of ships from Chennai
port to Rangong Port situated in Thailand’s west coast will come down to seven
days following the signing of Memorandum of understanding signed between the
The MOU signed at the BIMSTEC Ports
conclave held at Visakhapatnam will also cover Kolkata and Visakhapatnam ports.
Three Memorandums of Understanding (MoUs)
have been signed between Ranong Port (Port Authority of Thailand) and the Port
Trusts of Chennai, Vishakhapatnam and Kolkata during the Conclave held here on
MoUs strengthening connectivity and is part of India’s Act East Policy
These MoUs will enhance connectivity between
ports on Thailand’s West Coast and Ports on India’s East Coast i.e. Chennai,
Vishakhapatnam and Kolkata. These MoUs will enhance economic partnership by
cutting down the sea travel time between India and Thailand from 10- 15 days to
Conclave aims at providing a platform to strengthen maritime
The first ever BIMSTEC Conclave of Ports,
being held at Vishakhapatnam on 7-8 November, 2019 was inaugurated by Shipping
Minister Mansukh Mandaviya..The conclave aims at providing a platform to
strengthen maritime interaction, port-led connectivity initiatives and sharing
best practices among member countries. Providing Connectivity is one of the key
priorities among BIMSTEC countries.
India is keen on forging deep relations with BIMSTEC Member States
While inaugurating the Conclave, Mr
Mansukh Mandaviya reiterated Prime Minister Narendra Modi’s
vision of SAGAR(Security and Growth for All in the Region) highlighting the
motto of “ Sabka Saath Sabka Vikas
(Collective Efforts Inclusive Growth)” that provides Peace, Prosperity and
Security for all in the Region. The Minister also expressed that India is keen
on forging deep relations with BIMSTEC Member States. The first BIMSTEC
Conclave of Ports will go a long way in promoting the same, the Minister added.
The Minister of Tourism, Culture and
Youth Advancement, Govt of Andhra Pradesh
M S Rao, the Minister of Industry, Commerce Govt of Andhra Pradesh MG Reddy along with Member of Parliament from
Vishakhapatnam M.V.V. Satyanarayana also
attended the Conclave.
India attaches great importance to bay of
Bengal initiatives for Multi-Sectoral Technical and Economic Cooperation
(BIMSTEC) which links five countries from South Asia (Bangladesh, India, , Sri
Lanka, Bhutan and Nepal) and two from South East Asia (Myanmar & Thailand)
BIMSTEC region brings together 167 billion people together 22 per cent
of world population
The BIMSTEC region brings together 167
billion people together 22 per centof world population and a combined GDP of
3.71 Trillion US Dollars. Four BIMSTEC Summits have been held so far, the
earlier ones at Kathmandu (earlier summit were 2004 (Bangkok), 2008 (New
Delhi), 2014 (Nay Pyi Taw).
A ‘BIMSTEC Outreach Summit and Leader’s
summit’ was held in Goa in 2016.