HOME > MARKETS > ECONOMY NEWS
  ECONOMY NEWS
ECONOMY
India, Panama to deepen maritime partnership focused on logistics, digital innovation
Jul-23-2026

With an aim to deepen maritime cooperation between India and Panama, Union Minister of Ports, Shipping and Waterways (MoPSW), Sarbananda Sonowal held bilateral talks with Panama's Minister of Foreign Affairs, Javier Martinez-Acha Vasquez. Both sides have identified logistics, shipping, maritime security, skill development and digital transformation as the key pillars of an expanded strategic partnership. Sonowal has emphasized on combining Panama's strategic logistics strengths with India's growing maritime capabilities to build resilient supply chains, strengthen global connectivity and create new opportunities for trade, investment, innovation and sustainable growth. 

With India emerging as a global ports leader and Panama serving as one of the world's foremost maritime logistics hubs, both countries agreed that closer collaboration and the exchange of best practices would unlock new opportunities for trade, connectivity and investment across the Americas. Sonowal highlighted India's rapid transformation through sustained investments in ports, shipping, inland waterways, logistics, shipbuilding, cruise tourism and green maritime initiatives. 

Further, he reiterated that Panama is India's natural gateway to Central America, Latin America and the Caribbean, and stressed the need to improve shipping connectivity, deepen logistics partnerships and accelerate institutional cooperation to realise the untapped potential of bilateral trade. Moreover, he proposed expediting discussions on a bilateral agreement on maritime transportation and port development, expanding cooperation in green ship recycling, strengthening seafarer welfare and skill development, and promoting collaboration in port modernisation, warehousing, digital innovation and maritime infrastructure.

  RELATED NEWS >>