US Delegation Meets Union Shipping Minister (India)

US Delegation Meets Union Shipping Minister

 

India has invited investors from the US to participate in the country’s port development plans and earn rich rewards. This invitation was extended by the Union Shipping Minister Shri G.K. Vasan when a business delegation from USA led by Undersecretary to the Government of the United States of America, Mr. Sanchez met him in Chennai today.

Foreign Direct Investments in ports are permitted in India under the automatic route. USA is the second largest source of FDI inflows into India.

Recalling the maritime cooperation between India and the USA Sh. Vasan said, a Memorandum of Cooperation on Maritime Transport, Science and Technology between the two countries was signed during 2005. It covers a wide area of mutual interest including maritime safety and security, port management and technological developments related to the maritime sector. It also envisages cooperative arrangements between the US Merchant Marine Academy and the Indian Institute of Maritime Studies, which is now a constituent of the Indian Maritime University in the field of maritime training and education.

Stating that India train and educate more than 3,000 marine engineers every year on an average the Minister said, there was adequate scope for the Indian and American maritime training institutions to work in close collaboration to produce quality maritime human resource.

Dredging Today Staff, February 21, 2012

Share this article

Follow Dredging Today

Events>

<< Dec 2017 >>
MTWTFSS
27 28 29 30 1 2 3
4 5 6 7 8 9 10
11 12 13 14 15 16 17
18 19 20 21 22 23 24
25 26 27 28 29 30 31

Congress “Hydraulic Engineering Structures of Water Transport”

This event will take place in early February, before the opening of the 2018 season when dredging and hydraulic engineering works start…

read more >

3rd European Dredging Summit

The latest in ACI’s global series of dredging summits, the 3rd European Dredging Summit  will once again bring together leading experts…

read more >

2nd East Africa Port Expansion Conference

This event will gather senior port representatives, key stakeholders, expert consultants and contractors, technology providers as well…

read more >

Jobs>

Looking to fill a job opening?

By advertising your job here, on the homepage of DredgingToday.com, you’ll reach countless professionals in the sector. For more information, click below...

apply

Looking to fill a job opening?

By advertising your job here, on the homepage of DredgingToday.com, you’ll reach countless professionals in the sector. For more information, click below....

apply

Looking to fill a job opening?

By advertising your job here, on the homepage of DredgingToday.com, you’ll reach countless professionals in the sector. For more information, click below...

apply