Memorandum of Agreement Current Affairs - 2020
A Memorandum of Agreement (MoA) was signed between the Union Ministry of Shipping and Indian Institute of Technology (IIT), Kharagpur for setting up Centre for Inland and Coastal Maritime Technology (CICMT). The MoA will focus on indigenisation of ship designing, building and testing.
About Centre for Inland and Coastal Maritime Technology
It is a state-of-the-art centre which will be set up under the flagship Sagarmala Programme, a government initiative to enhance the performance of India’s logistics sector.
Project Cost: It will be Rs.69.20 crore, is being funded under Sagarmala programme. The funding for project is for 5 years after which revenues generated from end users will make it sustainable.
CICMT Project (IIT Kharagpur): It will provide technological support, testing, research and experimentation facility to agencies involved in inland water transport, shipbuilding, ports etc.
Function: CICMT will focus on ship design for coastal as well as inland waterways, shipbuilding technology & structural design, cryogenic cargo handling, transport systems & logistics, renewable energy harvesting from coastal and inland waters and artificial intelligence (AI) and automation for maritime operations.
Reduced Dependence: It will be 1st of its kind facility and will be a hub for latest technology tools for maritime sector and will reduce India’s dependence on foreign institutions. It will also drastically reduce cost of research and will result in cost and time savings for work in port and maritime sector.
Strategic Interest: CICMT is of strategic long-term interest for India’s port and maritime sector as it will provide tremendous impetus to Inland water transportation and coastal shipping.
Need: At present there is no experimentation and testing facility available in India for inland and coastal vessels thus for when required shipbuilders have to approach many European countries where these facilities are available. Thus, CICMT is being setup to address this long felt need and to provide impetus to development of inland waterways and country’s coastal shipping.
Significance: Since indigenous technology is the need of the hour for maritime sector, thus MoA will further the dream of governments’ Make in India initiative and reduce the recurring cost incurred in import of technology.