India and South Korea to boost bilateral ties in ports and shipping space

Vastavam web: India and South Korea are set to boost bilateral ties in ports and shipping space and will sign pact to provide Indian seafarers employment on over 500 Korean ships, Union Minister Nitin Gadkari said today.Shipping, Road Transport & Highways, Water Resources, River Development & Ganga Rejuvenation Minister Gadkari, who will be on a four-day visit to Korea beginning tomorrow, said both the nations are also eyeing partnerships in shipbuilding, waterways and smart transportation, among others.

“The agreement will facilitate Indian seafarers to work on Korean ships as there is requirement of seafarers. Korean entities as of now own more than 500 foreign going ships,” Gadkari told.”We are also looking to have partnership in the field of ship building, smart transportation system, water conservation & recycling, eco-friendly energy system for marine industries and technology to develop our rivers to drive economic growth,” the minister said.

Gadkari’s visit is aimed at strengthening ties between the two nations and further cementing cooperation in areas, including sharing of technology, experience in port development and operation and joint participation in port-related construction, building and engineering projects of mutual interest, among others.Known for maritime technology prowess, Korea had partnered with the Ministry of Shipping in the Maritime India Summit held in Mumbai during April 2016.

Gadkari will visit Samsung Heavy industries, Busan Port, National Transport Information Centre in Seoul, besides addressing a business forum on the maritime sector and also a seminar on India-Korea Infrastructure Corporation Forum. An interaction with financial institutions and investors is also scheduled.The minister will meet his counterpart, Minister of Ocean & Fisheries and Minister for Land, Infrastructure & Transport and interact with the captains of Korean trade and industry.