India and Singapore are partnering for a green shipping corridor.
The two countries have signed a Letter of Intent (LOI) to cooperate on maritime digitalization and decarbonization.
The partnership between Singapore and India will be formalized through a memorandum of understanding on the Singapore-India Green and Digital Shipping Corridor.
The LOI agreement will facilitate collaboration between parties on maritime digitalization and decarbonization projects, identifying relevant stakeholders for potential contributions.
The formation of the Singapore-India GDSC is expected to enhance cooperation between the two nations.
The initiative aims to expedite the adoption of digital solutions and the development of zero or nearly zero greenhouse gas emission technologies.
India is a leading player in information technology with the potential to become a major producer and exporter of green marine fuels. Singapore, as a key transshipment and bunkering hub, also supports a dynamic research and innovation ecosystem.
The LOI was inked by Mr Teo Eng Dih, Chief Executive of the Maritime and Port Authority of Singapore, and Shri R. Lakshmanan, Joint Secretary of the Ministry of Ports, Shipping, and Waterways (MOPSW) of India, and witnessed by Dr. Amy Khor, Senior Minister of State, Ministry of Sustainability and the Environment and Ministry of Transport, Singapore, and Shri Sarbananda Sonowal, Minister of Ports, Shipping, and Waterways of India.
