|First ever BIMSTEC Ports Conclave held in Visakhapatnam|
First ever BIMSTEC Ports Conclave held in Visakhapatnam
First ever BIMSTEC Ports Conclave: The Minister of State (I/C) for Shipping Mansukh Mandaviya will inaugurate the first ever ‘BIMSTEC Ports’ Conclave at Visakhapatnam in Andhra Pradesh to be held on 7-8 November 2019.
The Bay of Bengal Initiative for Multi-Sectoral Technical and Economic Cooperation (BIMSTEC) is an International Organization involving a group of countries in South Asia and South East Asia namely, Bangladesh, India, Myanmar, Sri Lanka, Thailand, Bhutan and Nepal.
The First ever BIMSTEC Ports Conclave:
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 will also discuss on various investment opportunities, best practices adopted for productivity and safety at Ports. Senior officials from the Ports Sector From all seven nations as well as from the Trade and various Shipping Associations will be participating in the two day conclave.
The Ports of Bengal Initiative for Multi Sectoral Technical and Economic Cooperation (BIMSTEC) is a regional organization comprising of seven Member states lying in the littoral and adjacent areas of Bay of Bengal constituting a contiguous regional unity.
The objective of BIMSTEC alliance was to harness trade and accelerated growth with mutual cooperation in different areas of common interest by utilising the regional resources and geographical advantage.