New Delhi, Aug. 21 -- Mitsui O.S.K. Lines (MOL), Suzuki Motor Corporation, and TradeWaltz Inc. have signed a Memorandum of Understanding (MoU) to strengthen automobile trade between India and Africa.

The agreement was announced during the 9th Tokyo International Conference on African Development (TICAD 9) held in Yokohama, Japan.

The partnership aims to create a more efficient and sustainable supply chain for vehicles moving between India and African markets. It focuses on two major goals: digitalising trade operations and promoting decarbonisation in shipping and logistics.

Currently, cross-border trade still relies heavily on manual documentation such as bills of lading, which slows down processes.

Through this collaboration, the co...