The MoU has been signed under the Bharatmala Pariyojana across the country to centralize freight consolidation and reduce logistics costs from 14% to less than 10% of GDP.
The Odisha Government has signed an MoU with the Chennai-based National Institute of Ocean Technology (NIOT) for the protection of coastal areas from various natural calamities like floods, cyclones, soil erosion and high tide, etc.