India, Singapore to cooperate on maritime digitalization, decarbonisation
In a significant step towards modernizing maritime operations and advancing green shipping efforts, India and Singapore have signed a Letter of Intent (LoI) to cooperate on maritime digitalisation and decarbonisation.
India is a leading player in information technology with the potential to become a major producer and exporter of green marine fuels, while Singapore, as a key transshipment and bunkering hub, also supports a dynamic research and innovation ecosystem.
Under the LoI, both sides will collaborate on maritime digitalisation and decarbonisation projects, including identifying relevant stakeholders who could contribute to the effort, and work towards formalising the partnership through a memorandum of understanding on a Singapore-India Green and Digital Shipping Corridor (GDSC).
The Singapore-India GDSC, when established, will enhance collaboration from both countries and help accelerate the development and uptake of zero or near-zero Greenhouse Gas (GHG) emission technologies and the adoption of digital solutions.
