AD Ports Group has announced the signing of strategic MoUs with Gujarat Maritime Board and RITES Limited, a certified multi-disciplinary transport and infrastructure company, according to the company’s release.
Advancing infrastructure
The MoU with Gujarat Maritime Board encompasses collaboration across various initiatives within the port and maritime sectors. It focuses on advancing infrastructure development through the construction of new ports and the modernization of existing facilities.
Aims
Similarly, the MoU with RITES Limited aims to explore mutual opportunities for port development, multimodal logistic parks, economic and free trade zones, rail connectivity projects, and related infrastructure services.
Rise in bilateral trade
India and the UAE have seen a significant rise in bilateral trade, with India being the UAE’s second-largest trading partner and vice versa since 2019. Trade between the two countries reached USD 85 billion in 2022, with aspirations to reach USD 100 billion by 2030.
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Source : Port news
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