India and US sign MoC on Transportation

India and United States (US) have signed Memorandum of Cooperation (MoC) transportation between both countries.

It was signed by Union Minister of Road Transport & Highways and Shipping Nitin Gadkari and Anthony Foxx, US Secretary of Transportation in New Delhi.

Key facts

  • The MoC aims at fostering cooperative work between both nations 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 seeks to cover areas like urban transportation, highway transportation, safety and environmental protections.
  • It will also cover rail transportation, fuel efficiency, vehicle and behavioral safety, intermodal transportation and maritime shipping.
  • The MoC will enable India to make use of world’s latest technology which is available with the US for developments of waterways and multi-modal hub projects.

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Categories: Business & Economy Current Affairs 2017India Current Affairs 2017

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