IPA, RIS sign agreement to set up Centre for Maritime Economy and Connectivity

Tags: National News

Recently an agreement was signed between the Indian Ports Association (IPA) and the Research and Information System (RIS) for Developing Countries to set up a center for maritime economy and connectivity.

An overview of the news

• The agreement was signed in the presence of the Union Minister for Ports, Shipping and Waterways Sarbananda Sonowal.

• The proposed Transshipment Port at Galathea Bay in Greater Nicobar in Andaman and Nicobar Islands will be beneficial for BIMSTEC nations.

• Thus the Prime Minister's Gati Shakti initiative will go beyond the shores of India where ports of neighbouring countries can also benefit.

Indian Ports Association (IPA)

• It was formed in 1966 under the Societies Registration Act.

• It functions under the supervisory control of the Ministry of Shipping.

• Its main task is to develop all the major ports.

Research and Information System for Developing Countries (RIS)

• Research and Information System for Developing Countries (RIS) is a New Delhi based autonomous policy research institute.

• It specialises in issues related to international economic development, trade, investment and technology.

• It is envisioned as a forum for fostering effective policy dialogue and capacity-building among developing countries on global and regional economic issues.