Indian Economy News

India and USA Sign Memorandum of Cooperation

New Delhi: A Memorandum of Cooperation for India – US transportation was signed by Shri Nitin Gadkari, Minister of Road Transport & Highways and Shipping and Mr. Anthony Foxx, US Secretary of Transportation here today. Shri Gadkari acknowledged the memorandum as a new chapter in Indo-US cooperation. He said that this initiative would enable India to make use of world’s latest technology available with the USA for projects like developments of waterways and multi-modal hub.

The Memorandum aims to foster cooperative work on key issues of mutual interest for all modes of transportation, coordinating public and private sector resources and expertise to advance safe, secure, efficient and integrated transportation systems. It would cover areas like highway transportation, urban transportation, safety and environmental protections, vehicle and behavioral safety, fuel efficiency, rail transportation, maritime shipping and intermodal transportation.

Mr. Anthony Foxx led a delegation of high level US officials to exchange views on enhancing cooperation in the transportation sector between the two countries.

Disclaimer: This information has been collected through secondary research and IBEF is not responsible for any errors in the same.

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