The agreement was signed by R. Lakshmanan, Joint Secretary at the Ministry of Ports, Shipping and Waterways (MoPSW), and Teo Eng Dih, Chief Executive of the Maritime and Port Authority of Singapore. The signing was witnessed by Singapore’s Senior Minister of State for Sustainability and the Environment, Amy Khor, and India’s Minister of Ports, Shipping, and Waterways, Sarbananda Sonowal.

Sonowal, leading a high-level maritime delegation, is currently on a three-day visit to Singapore, participating in the Singapore Maritime Week, which has drawn over 20,000 delegates from around the world. He emphasised that this initiative aligns with the "Comprehensive Strategic Partnership" between the two nations, strengthening cooperation in maritime sustainability and digitalisation.

Under the LoI, India and Singapore will collaborate on maritime digitalisation and decarbonisation projects, engage key industry stakeholders, and work towards formalising a memorandum of understanding for the GDSC. Since its inception in 2022, the GDSC has expanded to include over 28 stakeholders across the maritime, energy, and finance sectors.

Speaking at the event, Amy Khor reaffirmed Singapore’s commitment to partnering with like-minded nations to drive maritime innovation and sustainability. The initiative highlights India's growing role in IT and green marine fuel production, while Singapore, as a major transshipment and bunkering hub, continues to foster a dynamic research and innovation ecosystem.