18 Nov 2019

BIMSTEC Ports’ Conclave

Source: Press Information Bureau 

The first-ever BIMSTEC Ports’ Conclave At Visakhapatnam in Andhra Pradesh held on  7-8 November 2019. It was inaugurated by The Minister of State (I/C) for Shipping.

Key Highlights 

  • The Ports’ First Conclave of BIMSTEC nations is expected to explore the possibility of increasing economic cooperation by furthering EXIM trade and coastal shipping.  
  • The Conclave discussed on various investment opportunities, best practices adopted for productivity and safety at Ports.
  • The five-panel sessions that were held during the conclave are;
    1. Session on Port led Industrial and Tourism Development
    2. Emergent Roles of Ports in the Global Supply Chain
    3. Safe and Secure Ports
    4. Ports Services: Delivering Value
    5. Green Port Operations

About BIMSTEC

  • The Bay of Bengal Initiative for Multi-Sectoral Technical and Economic Cooperation (BIMSTEC) is is a regional organization involving a group of countries in South Asia and Southeast Asia namely, Bangladesh, India, Myanmar, Sri Lanka, Thailand, Bhutan, and Nepal.
  • The objective of the BIMSTEC alliance was to harness trade and accelerated growth with mutual cooperation in different areas of common interest by utilizing the regional resources and geographical advantage.