Context:
India and Singapore have signed a Letter of Intent (LoI) to jointly develop a Green and Digital Shipping Corridor (GDSC) during the ongoing Singapore Maritime Week (SMW).
Key Areas of Cooperation
Maritime Digitalisation and Decarbonisation
- Joint efforts to advance maritime digital transformation.
- Focus on adopting green technologies to achieve sustainable shipping goals.
Collaborative Efforts
- Identifying key stakeholders in both countries to drive innovation and participation.
- Working on innovative projects in digital shipping and low-carbon maritime technologies.
- The cooperation will eventually be formalized through a Memorandum of Understanding (MoU).
Objectives of the India-Singapore GDSC
Strengthen Maritime Cooperation
- Enhance bilateral collaboration between India and Singapore’s maritime sectors.
Accelerate Green Technology Adoption
- Promote the use of zero or near-zero greenhouse gas (GHG) emission technologies in shipping.
Promote Digital Shipping Solutions
- Encourage the integration of advanced digital solutions for more efficient and eco-friendly shipping practices.
The India-Singapore Green and Digital Shipping Corridor marks a significant step toward sustainable maritime operations, with both nations committing to environmentally responsible shipping and digital innovation. This partnership will not only strengthen bilateral maritime ties but also accelerate global efforts towards achieving decarbonised and smart shipping solutions.
