Recently, ferry trade service has started between India and Sri Lanka after 4 decades.

Recently, ferry trade service has started between India and Sri Lanka after 4 decades.

Daily Current Affairs   /   Recently, ferry trade service has started between India and Sri Lanka after 4 decades.

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Category : Business and economics Published on: October 17 2023

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  • The ferry trade service between India and Sri Lanka has recently been launched by the Indian Prime Minister.
  • This ferry trade service has been started from Nagapattinam in Tamil Nadu to Kankesanthurai in Sri Lanka.
  • This ferry service is being operated by 'Shipping Corporation of India'.
  • Ferry service has been started between India and Sri Lanka after almost four decades.
  • This service was discontinued by the Sri Lankan Navy during the Sri Lankan Civil War.
  • The ferry service is expected to boost travel and trade with the Sri Lankan port of Kankesanthurai, which is the nearest port to the ports on India's western coast.
  • The service is part of the Economic Partnership Approach, a roadmap for maritime, air and energy connectivity.
  • The service was finalized during the visit of Sri Lankan President Ranil Wickremesinghe to India.
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