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India – Austria ink new MoU

Business

A Memorandum of Understanding (MoU) on Technology Cooperation in the Shipping and Ports Infrastructure was signed today between India and Austria. The MoU was signed by G. K. Vasan, Minister of Shipping with Doris Bures, Austrian Federal Minister for Transport, Innovation & Technology in New Delhi.

New technologies for implementation of International Ship & Port Security code, use of radio frequency identification in logistics and transport planning and optical character recognition in terminals to speed up the processing of containers in and out are the areas where Austrian expertise could be utilised in India.

The Minister also hoped that signing of the MoU will pave way for sharing appropriate know-how, scientific knowledge and research and development capabilities between the two countries. It will enable the Indian organizations in the Ports and Shipping Sectors to acquire latest knowledge and technology etc. from Austria.

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