Andhra Pradesh signs MoU with Russia's Marine Technical University

Vijayawada: Andhra Pradesh has signed a Memorandum of Understanding (MoU) with Russia`s State Marine Technical University to promote marine education and technology.

The agreement was signed at the port city of St. Petersburg on the first day of Chief Minister N. Chandrababu Naidu's visit to Russia on Wednesday.

The university works in close connection with United Shipbuilding Corporation and Rosoboronexport.

Companies involved in the marine segment in India and Andhra Pradesh will benefit from this collaboration, said a government statement here on Wednesday.

Rakhmanov Alexey, President of United Shipbuilding Corporation said that the university is considering to make Andhra Pradesh the headquarters of the company in India as the state has unique marine activity.

Highlighting the opportunities available, Naidu said that Andhra is set to become a logistics hub in India.

"We want to promote inland navigation and also the commercial usage of water transport. Water-based transport is cheaper when compared to other forms of transport," the Chief Minister said.

Naidu said the state would soon set up maritime university.