Letter of Intent

March 26, 2025 1:14 PM

India, Singapore sign Letter of Intent (LOI) on Green Shipping & Digital Corridor Collaboration

India and Singapore have solidified their partnership on a Green and Digital Shipping Corridor (GDSC) with the signing of a Letter of Intent (LoI) at the Singapore Maritime Week (SMW) in Delhi on Tuesday. Union Minister of Ports, Shipping & Waterways, Sarbananda Sonowal, played a key role in a series of high-profile events and bilateral meetings during his visit to Singapore. He also participated in the signing ceremony of the LoI on maritime digitalization and decarbonization in New Delhi,...

Ford announces plans to restart manufacturing plant in Tamil Nadu for global exports

Ford Motor Company said on Friday it intends to restart operations at its manufacturing plant in Tamil Nadu. The American automaker aims to repurpose the facility for export-focused production, marking a new chapter in its relationship with the Indian market. Kay Hart, President of Ford's International Markets Group, revealed the company's plans through a LinkedIn post. Hart said that Ford has submitted a Letter of Intent (LOI) to the Tamil Nadu government, outlining its proposal to utilize the...