By THE NATION
The Port Authority of Thailand (PAT) has signed a memorandum of understanding with India-based Navayuga Container Terminal (NCT) at Krishnapatnam Port in eastern India in fresh cooperation with Ranong port.
Present at the signing ceremony on August 15 were PAT director Kamolsak Promprayoon, NCT director Vinita Venkatesh, PAT deputy director Chamnan Chairith and Taylor Ramsey, director of NCT Singapore. The event was held at an auditorium on the 19th floor of PAT headquarters in Bangkok.
Among key details of the MOU are port-to-port cooperation, communication channels aimed at improving exchange of information and facilitating internal operations, and investment and marketing of businesses concerning both Thai and Indian ports.
The PAT-NCT cooperation establishes economic collaboration under the Bay of Bengal Initiative for Multi-Sectoral Technical and Economic Cooperation (BIMSTEC), which is in line with India’s Look West policy focusing on Thailand as a hub for port cooperation. It aims to develop maritime routes between ports in Ranong and those under BIMSTEC for the benefit of import and export industries in the two countries.