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Our Bureau

New Delhi March 21 India and Israel have agreed to explore areas of cooperation in road safety programmes.

The decision was taken when the Israeli Deputy Prime Minister and Minister of Transport and Road Safety, Mr Shaul Mofaz, called on the Union Minister of Shipping, Road Transport and Highways, Mr T.R. Baalu, according to an official release.

Mr Baalu outlined to the visiting dignitary the various investment opportunities available in India in the road and port sectors.

Both leaders were of the view that the two countries should explore areas of cooperation and share the experience and expertise in road safety methods.

They agreed to explore the possibility of setting up a joint working group for the purpose.

Joint venture

The visiting dignitaries were also informed that Hindustan Shipyard Ltd was at an advanced stage of finalising a joint venture with a leading Israeli company for bidding for 15 interceptor boats/vessels, said the release.

The two sides also discussed the progress made on the earlier proposal for a Maritime Agreement between the two countries.

Mr Baalu said it would be expedited with the finalisation of the Model Shipping Agreement by July this year.

More Stories on : Foreign Trade | Shipping | Roadways

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