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NRL and IWAI signs MoU for export of Petroleum Cargo

Published on August 26, 2023
Current Context: On August 24, 2023, NRL and IWAI signed a Memorandum of Understanding (MoU) to use NW 2 and IBPR for export of petroleum products to Bangladesh and other Southeast Asian countries.
NRL and IWAI signs MoU for export of Petroleum Cargo
  • The MoU was attended by Union Minister of Ports, Shipping and Waterways and Ayush Shri Sarbananda Sonowal in Guwahati, Assam.
  • NRL stands for Numaligarh Refinery Limited, which is the largest refinery in Northeast India. IWAI stands for Inland Waterways Authority of India, which is a statutory body under the Ministry of Ports, Shipping and Waterways.
  • The MoU aims to boost India’s Act East Policy and fulfill the Hydrocarbon Vision 2030 for Northeast by enabling inland waterways transportation via NW 2 and IBPR, unveiling a new chapter of EXIM trade for the Northeast region.
  • Shri Sarbananda Sonowal termed the MoU as a watershed moment for promotion of trade in the Northeast India region and a true reflection of PM Gati Shakti National Master Plan to bring in transformative change in the cargo movement for the region.
  • He also said that the MoU is aimed at unlocking the full potential of Hydrocarbon Vision 2030 and empowering the Northeast India to become the engine of India’s growth story.

Question:

Q.1 Which ministry is responsible for the Inland Waterways Authority of India?
a. Ministry of Ports, Shipping and Waterways

b. Ministry of Petroleum and Natural Gas
c. Ministry of Commerce and Industry
d. Ministry of External Affairs
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