Singapore and India have signed a Letter of Intent (LOI) to cooperate on maritime digitalisation and decarbonisation.

The LOI was inked by Teo Eng Dih, chief executive of the Maritime and Port Authority of Singapore, and R. Lakshmanan, joint secretary of the Ministry of Ports, Shipping, and Waterways (MOPSW) of India.

Under the LOI, both sides will collaborate on maritime digitalisation and decarbonisation projects, including identifying relevant stakeholders who could contribute to the effort, and work towards formalising the partnership through a memorandum of understanding on a Singapore-India Green and Digital Shipping Corridor (GDSC).

The announcement noted that India is a "leading player" in information technology with the potential to become a major producer and exporter of green marine fuels.

Singapore, as a key transshipment and bunkering hub, also supports a dynamic research and innovation ecosystem.

"The Singapore-India GDSC, when established, will enhance collaboration from both countries and help accelerate the development and uptake of zero or near-zero GHG emission technologies and the adoption of digital solutions," the statement said.