India and Singapore Sign Letter of Intent (LOI) on Green Shipping and Digital Corridor Cooperation

India and Singapore Sign Letter of Intent (LOI) on Green Shipping and Digital Corridor Cooperation

Daily Current Affairs   /   India and Singapore Sign Letter of Intent (LOI) on Green Shipping and Digital Corridor Cooperation

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Category : National Published on: March 27 2025

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  • India and Singapore signed a Letter of Intent (LOI) to promote digitalization (digital corridor) and decarbonization (green shipping) in the maritime sector, which will lead to a reduction in greenhouse gas emissions and an acceleration in the use of digital solutions. 
  • This partnership aims to develop a Green and Digital Shipping Corridor (GDSC) by combining India's capacity for the production and export of green marine fuels and Singapore's role as a global maritime hub, thereby fostering innovation and sustainability in the maritime sector.
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