ENA Global 2025-06-03 17:48:04 <p><span style="font-size:14px"><strong>New Delhi, Jun 3 (KNN)</strong> On June 3, 2025, Union Commerce and Industry Minister Piyush Goyal met Singapore's Deputy Prime Minister Gan Kim Yong in Paris to discuss enhancing economic ties, with a focus on India's burgeoning shipping sector. </span></p> <p><span style="font-size:14px">This meeting underscores India's strategic efforts to bolster its maritime industry and attract international investment.</span></p> <p><span style="font-size:14px">Minister Goyal emphasised India's vast potential in the shipping sector, highlighting the nation's 7,500 km coastline and its pivotal role in global trade. </span></p> <p><span style="font-size:14px">He noted that 95% of India's trade volume is handled through ports, and the government is actively working to improve port infrastructure and logistics systems. </span></p> <p><span style="font-size:14px">Initiatives like the Unified Logistics Interface Platform (ULIP) aim to streamline operations and reduce turnaround times at ports. </span></p> <p><span style="font-size:14px">The discussions also touched upon the development of a Green and Digital Shipping Corridor between India and Singapore. </span></p> <p><span style="font-size:14px">This initiative aims to promote low-emission technologies and enhance digital integration in the maritime sector, aligning with global sustainability goals. </span></p> <p><span style="font-size:14px">Minister Goyal's visit to Paris included meetings with various international leaders and business executives, including those from the International Energy Agency, Nigeria, France, Valeo Group, and L'Or&eacute;al.</span></p> <p><span style="font-size:14px">These engagements are part of India's broader strategy to attract foreign investment and strengthen bilateral trade relations.</span></p> <p><span style="font-size:14px">The collaboration with Singapore is expected to bring significant advancements to India's shipping industry, fostering innovation and contributing to the nation's economic growth.</span></p> <p><span style="font-size:14px"><em><strong>(KNN Bureau)</strong></em></span></p> 42310 https://knnindia.co.in/news/newsdetails/global/india-and-singapore-explore-opportunities-in-shipping-sector 2025-06-03 17:48:04 knnindia.co.in