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Market: India-Panama to expand partnership

Fiinews by Fiinews
July 24, 2026
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Indian-Panama Ministers discussed partnerships in Nw Delhi.

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India looks to Latin America-Caribbean through Panama

Minister of Ports, Shipping and Waterways (MoPSW) Sarbananda Sonowal has held bilateral talks with Panama’s Minister of Foreign Affairs, Javier Martínez-Acha Vásquez to deepen maritime cooperation between the two countries, and transform partnership into one of the key pillars of India’s engagement with Latin America and the Caribbean.

The Ministers have agreed to identify logistics, shipping, maritime security, skill development and digital transformation as the key pillars of an expanded strategic partnership.

“India and Panama are natural maritime partners. By combining Panama’s strategic logistics strengths with India’s growing maritime capabilities, we can build resilient supply chains, strengthen global connectivity and create new opportunities for trade, investment, innovation and sustainable growth,” Sonowal said on 22 July.

The discussions reaffirmed the long-standing maritime relationship between India and Panama, dating back to the 19th century, and recognised the significant contribution of the Indian diaspora in strengthening bilateral ties. 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.

During the meeting, Minister Javier Martínez-Acha Vásquez outlined four priority areas for expanding maritime cooperation between the two countries, maritime security, technical collaboration between India’s Directorate General of Shipping and the Panama Maritime Authority, maritime education and skilling, and future-oriented cooperation in digital maritime transformation, including artificial intelligence, smart port logistics and maritime single-window systems.

Minister Sonowal highlighted India’s rapid transformation under the leadership of Prime Minister Narendra Modi through sustained investments in ports, shipping, inland waterways, logistics, shipbuilding, cruise tourism and green maritime initiatives. 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,

“India and Panama are natural maritime partners. By combining Panama’s strategic logistics strengths with India’s growing maritime capabilities, we can build resilient supply chains, strengthen global connectivity and create new opportunities for trade, investment, innovation and sustainable growth. Our shared vision is to transform this partnership into one of the key pillars of India’s engagement with Latin America and the Caribbean,” said Sonowal.

He also 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.

Minister Sonowal invited Panama’s Minister of Maritime Affairs to participate in India Maritime Week 2026 in New Delhi as both sides agreed to carry forward discussions through stronger institutional partnerships. Fiinews.com

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