Listen to this article in summarized format
ANISaudi Arabia expresses interest to invest in India’s port projects: Sonowal
“Saudi Arabia expressed their interest to invest in India’s port projects and in the Maritime Development Fund (MDF),” Sonowal said, adding cooperation in shipbuilding, seafarer training and resilient supply chains is in focus.
“Our talks with Saudi Arabia, Belgium and Bhutan show how India's maritime partnerships are growing across regions,” he said.
India and Belgium are working towards a green shipping corridor and smarter ports. “With Bhutan, we are opening the Brahmaputra as a gateway for our neighbour to reach global markets,” Sonowal said.
An official statement said India’s port capacity has risen from 1,561 million tonnes per annum (MTPA) to 2,817 MTPA over the past 12 years. Cargo handled has risen from 1,052 MT to 1,668 MT and inland waterways cargo from 29 MT to 218 MT, while median container vessel turnaround has fallen from 35 hours to 23 hours.
(Catch all the Business News, Breaking News and Latest News Updates on The Economic Times.)
Subscribe to The Economic Times Prime and read the ET ePaper online.
(Catch all the Business News, Breaking News and Latest News Updates on The Economic Times.)
Subscribe to The Economic Times Prime and read the ET ePaper online.


