The coasting agreement will allow Indian ships to reach Mizoram through the port of Sittwe on the Bay of Bengal and the multimodal link of the Kaladan River. According to sources, the project envisaged by the Vajpayee government has been on hold for the past 20 years. The ministry has taken several initiatives to promote coastal navigation, as coastal navigation is the first priority of the Department of Sagarmala. In order to continue this pace and continue the growth of coastal trade, the Asian Development Bank has developed a perspective plan for the development of coasting in India until 2025. The plan addresses the cabotage sector in a comprehensive way, recognizing its potential and challenges, and addresses them through the necessary infrastructure, regulatory and commercial interventions. In 2019, the government has taken several progressive policies and important new initiatives to accelerate the overall development of the maritime sector. At the first meeting of the BIMSTEC (Bay of Bengal Initiative for Multi-Sectal Technical and Economic Cooperation) working group, Member States discussed the draft agreement of CABOTAGE BIMSTEC. The agreement was drawn up by the Ministry of Navigation, the Government of India, which aims to promote coasting in the BIMSTEC region. In 2019, there have been a series of cooperation agreements and international events. In order to stimulate bilateral trade with other countries and to ensure cooperation and coordination in the maritime sector, several CEE countries have been signed with neighbouring countries, South Asia and other countries such as Bangladesh, Nepal, Myanmar, Bhutan, Denmark and Sweden. In December 2019, another agreement on mutual recognition of seafarers` certificates was signed with Sweden. This will allow The use of Indian sailors on Swedish-flagged vessels. A standard operating agreement and procedure (SOP) has been signed between the two countries for the use of the port of Mongla and the port of Chattogramm for the movement of goods to and from India.
October 7, 2020: India`s army chief, General M.M Naravane and Foreign Minister Harsh Shringla reached the cabotage agreement with Myanmar on Monday during a meeting with his state adviser, Aung San Suu Kyi. India and Bangladesh have signed the Standard Operating Procedure (SOP) for the implementation of the coasting agreement between the two countries. The agreement was signed in June 2015 to improve bilateral trade by reducing the logistical costs of EXIM transport. Important facts of SOP The SOP has been brought into compliance with the conditions .. Sources said the meeting, which met before Myanmar`s parliamentary elections, should conclude the cabotage agreement for the launch of the Kaladan multimodal project and discuss measures to strengthen security relations with Chinese-backed insurgent groups. In addition, a mutual recognition agreement for sea certificates was signed with Sweden in December 2019. Decree of the Recycling of Ships Act, 2019 accession to IMO`s Hong Kong International Convention The arrival of the first premium private luxury cruise ship “KARNIKA” has added another chapter in national cruise tourism in India. “KARNIKA” offers Indians for the first time the opportunity to discover cruise tourism between Mumbai – Goa, Mumbai – Ganpatipule (Jaigad), Mumbai – Diu, Mumbai – golf courses. Shri Mansukh Mandaviya, Minister of State for Navigation (I/C) and Chemicals and Fertilizer, digitally flagked the ship IWAI, which is transporting from Bhutan to Bangladesh, via NW2 and the Indo Bangla Protocol Route in New Delhi. Three Memorandums of Understanding have been signed between Ranong Port (Thailand Port Authority) and port trusts of Chennai, Vishakhapatnam and Kolkata.
These softs will strengthen the economic partnership by reducing the shipping time between India and Thailand from 10 to 15 days to 7 days.