News Brief
India, South Korea Join Forces To Strengthen Logistics Infrastructure Under PM GatiShakti
(Indian Infra Hub)
In a significant move aimed at bolstering logistics and infrastructure development, the Department for Promotion of Industry and Internal Trade (DPIIT) has entered into a Memorandum of Understanding (MoU) with the Korea Transport Institute (KoTI) of the Republic of Korea (RoK).
The agreement was formalised on Monday (10 February) at the Sejong National Research Complex, South Korea, reported ANI.
The MoU was signed by Youngchan Kim, President of KoTI, and Amit Kumar, India’s Ambassador to the Republic of Korea, signifying a new era of bilateral cooperation in the logistics sector.
This partnership is expected to leverage KoTI’s expertise to support India’s ambitious infrastructure development initiatives.
According to the Ministry of Commerce and Industry, the collaboration will facilitate joint working meetings to ensure effective implementation.
Additionally, it will establish a comprehensive mechanism for knowledge exchange and institutional cooperation between DPIIT’s Logistics Division and KoTI.
The PM GatiShakti initiative, a flagship programme of the Indian government, aims to create a seamless, integrated, and technology-driven multimodal transport network.
Key benefits of this collaboration include the creation of a research-driven programme that will enhance expertise in logistics, master planning, technology adoption, and innovation.
The initiative will also foster cross-learning, particularly in areas such as GIS data-based technology, infrastructure development, and smart logistics solutions.
Furthermore, the MoU will help showcase India’s achievements under the PM GatiShakti programme on a global platform, positioning the country as a leader in logistics modernisation.
The ministry remarked, "This will mark a significant step towards strengthening bilateral ties and fostering innovation in the field of logistics and infrastructure development."
