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Maritime India Summit
India's maritime sector is poised to play a transformative role in the country's vision of becoming world's third-largest economy, Vice President Jagdeep Dhankhar said Wednesday. Today, India stands as an emerging maritime powerhouse, strategically leveraging its geographical location and advanced infrastructure to spearhead global maritime initiatives, the Vice President said. "With the global blue economy projected to reach USD 6 trillion by 2030, India's maritime sector stands poised to play a transformative role in our emergence as the world's third-largest economy," he said at the Indian Maritime Heritage Conclave (IMHC) 2024. India is strategically developing its blue economy, emphasising sustainable ocean resource utilisation for economic growth and employment generation, Dhankhar said. The government's Sagarmala programme integrates ports with industrial clusters, optimising logistic networks, fostering comprehensive coastal development. The Coastal Shipping Bill 2024 ...
More than 80 critical issues between the Centre, states and Union Territories were resolved during the 20th Maritime State Development Council (MSDC) that concluded in Goa on Friday. As per an official release, the two-day event saw the resolution of critical issues focused on port infrastructure modernisation, connectivity, statutory compliances, maritime tourism, navigation projects, sustainability, and port security. During the 20th MSDC, more than 100 issues from various states were deliberated and successfully resolved, it said. "Several new and emerging challenges were also addressed, including the establishment of places of refuge (PoR) for ships in distress, the development of radioactive detection equipment (RDE) infrastructure at ports to enhance security, and the facilitation of seafarers by recognising them as key essential workers, ensuring better working conditions and access to shore leave," the statement added. Union Minister of Port Shipping and Waterways Sarbanand
The Global Maritime India Summit (GMIS) has attracted investment proposals worth of Rs 2.37 lakh crore on second day of the three-day event with the signing of as many as 70 initial pacts, according to a release. These Memorandum of Understanding (MoU) were signed in the areas of port development and modernisation, green hydrogen and ammonia, port-led development, business and commerce, shipbuilding, knowledge sharing and port connectivity in the presence of the Union Minister of Ports, Shipping & Waterways Sarbananda Sonowal, and others. "The Global Maritime India Summit, 2023 has ushered a new age in sustainable development of the country with a record number of 70 MoUs with an investment of Rs 2.37 lakh crore. "The maritime sector is playing an instrumental role, as it has paved the way for India to set sail towards Green Sustainability Transportation," Sonowal said. Sonowal also held Ministerial level bilateral meetings with Ministers from Italy, Tanzania and Sri Lanka.
As many 34 agreements worth Rs 3.24 lakh crore were signed on the first day of the three-day Global Maritime India Summit, which was addressed by Prime Minister Narendra Modi through video conferencing. The signing of these pacts underlined the commitment of various stakeholders to transform India into a maritime powerhouse, the shipping ministry said. Besides Modi and Union Minister for Ports, Shipping and Waterways Sarbananda Sonowal, the summit was also attended by Maharashtra Governor Ramesh Bais, Maharashtra Chief Minister Eknath Shinde, the two ministers of state in the Ministry of Ports, Shipping and Waterways (MoPSW) -- Sripad Naik and Shantanu Thakur, officials from the MoPSW, and other stakeholders. "Our prime minister's vision for transformation for transportation has seen radical growth in the coastal and inland waterways," Sonowal said in his speech. "Embarking on a transformative journey towards a brighter maritime future. The rise of 'smart ports' will revolutionize
The Visakhapatnam Port Authority (VPA) on Tuesday entered into agreements with the National Highways Authority of India (NHAI) and Trion Properties to execute projects worth Rs 1,400 crore. The port authority inked these deals at the ongoing Global Maritime India Summit, 2023 in Mumbai. VPA exchanged a memorandum of understanding (MoU) with NHAI. As Part of this MoU, NHAI will develop the existing four-lane road into a six-lane one from convent junction to Sheela Nagar. For this, VPA is spending nearly Rs 500 crore, the port authority said in a press release. Similarly, VPA signed an agreement with Trion Properties to develop convention centres, IT office towers and hospitality facilities at an outlay of Rs 900 crore. Further, the port authority has signed a deal with the Indian Navy to develop more facilities in the outer harbour. VPA has set up a stall at the Global Maritime India Summit, 2023.
The government is aiming to attract investment worth Rs 3.39 lakh crore during Maritime India Summit 2021 in various projects. Prime Minister Narendra Modi is scheduled to inaugurate Maritime India Summit 2021 (MIS 2021) on Tuesday, which will be held virtually and is likely to be participated by many nations, including Russia, Uzbekistan, Qatar, Denmark, Iran, Afghanistan, and Armenia. "The Ministry of Ports, Shipping, and Waterways (MoPSW) is in process of finalising more than 487 MoUs for investments worth approx Rs 3.39 lakh Crore," the government said in a statement on Monday. These are likely to be signed during the second edition of the Maritime India Summit to be held from March 2 to 4. These MoUs will be signed with different coastal states and stakeholders of the sector. These agreements are focused on attracting investment, skilling, and generating employment in the sector, the statement said. The signing of these MoUs will help in streamlining the process of ship ...