Nitin Gadkari in Korea to Explore Better Trade Relations between India and Korea

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Union Minister of Shipping, Road Transport & Highways and Water Resources, River Development & Ganga Rejuvenati, Nitin Gadkari, is on an official visit to the Republic of Korea from April 9.

During the 4 day visit, Gadkari will focus on taking forward the bilateral cooperation between India and Korea in shipping, ports, inland waterways, highways, river interlinking and infrastructure sectors.

An Undertaking on Mutual Recognition of Certificate of Competency of sea-farers will be signed during the visit.

Known for maritime technology prowess, Republic of Korea had partnered with the Ministry of Shipping in the Maritime India Summit held in Mumbai during April 2016.

This visit will further promote the bilateral cooperation. Gadkari will visit Samsung Heavy industries, Busan Port, National Transport Information Centre in Seoul, and address 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 captainsof  RoK trade and industry.

India and KOREA have an institutional framework for cooperation through the memorandum of understanding (MoU)for cooperation and mutual assistance to facilitate development of ports, port-related industries and maritime relationship.

Before leaving for Seoul, Gadkari said, “Mutual Recognition of Certificate of Competency of sea-farers is an important step for both countries. Signing of the Undertaking will pave the way for recognition of maritime education and training, certificates of competency, endorsements, training documentary evidence and medical fitness certificates for seafarers issued by the Government of both the countries.”

He said that the undertaking with the Republic of Korea for mutual recognition of Certificate of Competency (CoC) will be beneficial to both the countries as Korea is a large ship owning nation while India is a large seafaring nation with around 1,54,349 Indian seafarers. This agreement will facilitate Indian seafarers to work on Korean ships as there is requirement of seafarers on their ships. Korean entities as of now own more than 500 foreign going ships.

“This will lead to increase in the employment opportunity for Indian seafarers”, the Minister added.

Gadkari said, “We are 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”.

FICCI is partnering to organize a coinciding visit of a business delegation from India comprising of firms with business interests in Maritime, Highways and infrastructure sectors.

SMEStreet Edit Desk

SMEStreet Edit Desk is a small group of excited and motivated journalists and editors who are committed to building MSME ecosystem through valuable information and knowledge spread.

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