Bangladesh and India yesterday signed an agreement for certification in maritime, industrial survey and inspection in Bangladesh.
Syed Ariful Islam, director general of the Department of Shipping and Vijay Arora, joint managing director of the Indian Registrar of Shipping (IRS), signed the deal on behalf of their respective sides in Dhaka.
The IRS can now certify the raw materials for shipbuilding and oceangoing vessels. Currently, companies from France, Germany and Italy certify Bangladesh's oceangoing vessels on shipbuilding, safety and inspection.
“For signing the agreement, our businesses through the coastal line will be more cost-effective, time saving and safe, as the IRS will have a local representative and can certify swiftly,” said Sakhawat Hossain, managing director of Western Marine Group, which owns Zenith Test and Inspection Services, IRS's Bangladesh partner.
The agreement will help further grow trade between Bangladesh and India as both countries have already signed a Coastal Shipping Agreement to increase bilateral trade through the coastal areas and reduce time and transportation costs.
Arora said that a new IRS office has been set up in the port city of Chittagong from where their activities will be controlled throughout Bangladesh, according to a statement.
He said their quality service will be most cost efficient compared to other international certification authorities in Bangladesh.