India, Bangladesh ink agreement to promote coastal shipping

New Delhi, Nov 15 (IANS) In a bid to promote coastal shipping, India and Bangladesh on Sunday inked the Standard Operating Procedure (SOP) to operationalise the “Agreement on Coastal Shipping” they signed in June.

This will enhance trade by bringing down the cost of transportation of EXIM (Export-Import) cargo.

“Once it is operational, the coastal shipping agreement will enable a huge saving in logistic costs of EXIM transport between the two countries,” union Shipping Minister Nitin Gadkari said in a statement.

“The SOP has been framed as per the terms and conditions of the agreement on coastal Shipping and both India and Bangladesh have agreed to its provisions,” Gadkari said after officials from both the sides inked the SOP.

“The opening of coastal shipping between India and Bangladesh would enable the movement of cargo to the northeast through coastal shipping up to Chittagong and thereafter by road/inland waterways,” the statement said.

“The deep draft ports on the eastern coast of India can be ‘hub ports’ for the onward transportation of cargo to Bangladesh via the coastal mode through RSV category of vessels,” it added.

Leave a Reply

Please enter your comment!

The opinions, views, and thoughts expressed by the readers and those providing comments are theirs alone and do not reflect the opinions of or any employee thereof. is not responsible for the accuracy of any of the information supplied by the readers. Responsibility for the content of comments belongs to the commenter alone.  

We request the readers to refrain from posting defamatory, inflammatory comments and not indulge in personal attacks. However, it is obligatory on the part of to provide the IP address and other details of senders of such comments to the concerned authorities upon their request.

Hence we request all our readers to help us to delete comments that do not follow these guidelines by informing us at Lets work together to keep the comments clean and worthful, thereby make a difference in the community.

Please enter your name here