Published On:November 30 2023
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"Anglo-Eastern and DGS Sign MoU with Ambitious Goal of Creating 3,000 Jobs for Indian Seafarers by 2024-25"

Hong Kong-based ship management giant, Anglo-Eastern Group, has inked a Memorandum of Understanding (MoU) with the Directorate General of Shipping (DGS) with a commitment to integrate at least 1,000 Indian seafarers annually until 2024-25. This initiative aims to augment the current pool of 21,000 Indian seafarers employed by the conglomerate.

The MoU, signed by Vineet Gupta, Managing Director of Anglo-Eastern Ship Management India, and Shyam Jagannathan, Director General of Shipping, outlines a strategic plan to generate 3,000 jobs for Indian seafarers within the Anglo-Eastern Group by 2024-25, amounting to an estimated economic impact of Rs900 crore.

Vineet Gupta emphasized that the primary objective of the MoU is to increase shipboard opportunities for Indian seafarers, thereby creating additional jobs and contributing significantly to India's foreign currency reserves. He affirmed the company's alignment with the Directorate General of Shipping's vision to elevate the number of Indian seafarers participating in global shipping.

India, with its vast pool of 250 million young individuals, possesses a formidable workforce, and Gupta urged global ship management companies, including Anglo-Eastern Group, to leverage this resource. He emphasized the need for international companies to capitalize on the abundance of educated, intelligent, and diligent Indian youth.

Gupta highlighted the potential for India to emerge as a leader in various industries, emphasizing the importance of tapping into the expertise of the country's skilled merchant navy officers and leaders in the maritime sector. He pointed out that the abundant Indian manpower could be effectively trained for the specialized field of ship management through high-quality maritime training infrastructure.

As one of the largest employers of Indian seafarers, Anglo-Eastern Group also operates the Anglo-Eastern Maritime Academy near Mumbai, a world-class maritime training institute that not only contributes to job security for its successful graduates but also plays a vital role in enhancing the skills of future maritime professionals.


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