Prime Minister Narendra Modi will inaugurate the third edition of the three-day Global Maritime India Summit (GMIS) in Mumbai on Tuesday via video-conferencing. He will also unveil “Amrit Kaal Vision 2047”, a long-term blueprint for the Indian maritime economy.
The blueprint outlines strategic initiatives aimed at enhancing port facilities, promoting sustainable practices, and facilitating international collaboration.
In line with this futuristic plan, the Prime Minister will inaugurate, dedicate to nation and lay the foundation stone of projects worth more than Rs 23,000 crore, that are aligned with this vision for the Indian maritime blue economy.
One of the key projects is the Tuna Tekra all-weather deep draft terminal, to be built at a cost of more than Rs 4,500 crore at the Deendayal Port Authority in Gujarat. This state-of-the-art greenfield terminal will be developed in PPP mode and is likely to emerge as an international trade hub. It will handle next-gen vessels exceeding 18,000 twenty-foot equivalent units (TEUs), and will act as a gateway for Indian trade via the proposed India-Middle East-Europe Economic Corridor (IMEEC).
Over 300 Memorandums of Understanding (MoUs) worth more than Rs 7 lakh crore for global and national partnership in the maritime sector will also be unveiled during the programme.
The summit is expected to witness participation of ministers from across the globe, representing Europe, Africa, South America and Asia (including central Asia, Middle East and BIMSTEC region). Global CEOs, business leaders, investors, officials, and other stakeholders from across the world will also be attending the summit. Several Indian states will also be represented.
The three-day summit will discuss and deliberate key issues of the maritime sector including ports of the future, decarbonisation, coastal shipping and inland water transportation, shipbuilding, repair and recycling, finance, insurance and arbitration, maritime clusters, innovation and technology, maritime safety and security, and maritime tourism among others.
The summit will also provide an excellent platform for attracting investment in the maritime sector of the country.
