Current Affairs Telugu Daily

Nitin Gadkari started cargo ship services from Chennai port to Mongla port in Bangladesh
The Coastal Shipping Agreement between India and Bangladesh was signed during Prime Minister Shri Narendra Modi’s visit to Bangladesh in June 2015.
Based on the agreement sea transportation from Indian ports to Bangladesh ports is being treated as the coastal movement, making it eligible for  40% concession on vessel related and cargo related charges.
For coastal movement through RoRo vessels, 80% concession on vessel related and cargo related charges are applicable in Indian Ports.
Advantages: The fuel consumption at per tonne cargo is much lower via sea route, so transportation by sea will also reduce carbon footprints on the environment. Further, the modal shift to coastal shipping will save wear and tear on the new vehicles and also reduce traffic on congested roads.

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