India to explore green shipping and digital business with Singapore

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India to explore green shipping and digital business with Singapore - Business Standard

Quick Summary:

India's green fuel and digital initiatives are set to enter the global trade through Singapore's marine and shipping industry, where over 55 million tonnes a year of bunker fuel is supplied to internationally operating vessels, making it one of the largest hubs.

Trade sources said both India and Singapore are exploring the "Green Digital Shipping Corridor" that would link other international ports and marine industries, said observers on Wednesday.

India's Minister of Port, Shipping and Waterways Sarbananda Sonowal along with industry heavyweights is expected to visit the city state next week to set up a working programme with Singapore counterpart industries, according to the observers.