Ocean of Opportunities for Maritime Sector

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Ministry of Ports, Shipping and Waterways (MoPSW)
Ministry of Ports, Shipping and Waterways (MoPSW)

As the Ministry of Ports, Shipping and Waterways readies itself for the highly anticipated maritime event of the nation, the Global Maritime India Summit-2023 (GMIS-2023), Union Minister for Ports, Shipping and Waterways (PSW) and AYUSH Sarbananda Sonowal, alongside MoS (PSW) Shri Shripad Y. Naik, provided insights to the media in Mumbai today. GMIS 2023 is scheduled to take place from 17th to 19th October at MMRDA Grounds, BKC, Mumbai.

Addressing the press conference, Union PSW Minister Shri Sarbananda Sonowal stated, “In line with the Prime Minister’s vision of ‘One Earth One Family One Future,’ each session of GMIS-2023 has been designed to deliberate upon pressing global maritime issues.” “GMIS 2023 is aligned with the Prime Minister’s vision of ‘Atmanirbhar Bharat’ and captures a wide range of opportunities for Public Private Partnerships, with investment opportunities of Rs.10 lakh crore already identified across the sector with the potential to generate more than 15 lakh job opportunities,” added Shri Sonowal.

He further emphasized, “Our vision is to foster a blue economy, promoting the development of green ports, sustainable infrastructure, cruise tourism and attracting global investments to propel the maritime industry forward.” On this occasion, a booklet on GMIS 2023 titled “Navigating Excellence: India’s Maritime Sector” was released. It is noteworthy that the 3rd edition of the Global Maritime India Summit 2023 is anticipated to be larger and more inclusive than the previous two summits held in 2016 and 2021 in terms of scale and participation.

GMIS 2023 is expected to witness participation from over 70 countries, with senior ministers from various nations attending. The summit is set to host over 250 national and international speakers and CEOs, conducting more than 20 thematic sessions, including 7 international roundtables and more than 13 sectoral and state discussions. Deliberations will encompass topics such as regional cooperation in BIMSTEC countries, Chabahar and INSTC (International North–South Transport Corridor), Africa, Indo Pacific, Europe, and the newly launched IMEC (India-Middle East-Europe Economic Corridor).

Highlighting the significance of the event, the Secretary, MoPSW, Shri TK Ramachandran, emphasized the wide canvas that GMIS offers for Public-Private Partnerships in diverse maritime sectors. The summit has identified focus areas including Ports of the Future, Decarbonisation, Coastal Shipping and Inland Water Transport (IWT), Shipbuilding, Repair and Recycling, Finance, Insurance and Arbitration, Innovation and Technology, Maritime Safety and Security, and Maritime Tourism. Shri Rajiv Jalota, Chairman, Mumbai Port Trust, was also present at the briefing.

For additional information, you can visit maritimeindiasummit.com.

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