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25-10-2023 | 18:46 PM

Global Maritime India Summit 2023

The Prime Minister inaugurated the third edition of Global Maritime India Summit 2023.

Key Highlights:

• The Prime Minister also unveiled ‘Amrit Kaal Vision 2047’, a blueprint for the Indian maritime blue economy.
• The blueprint outlines strategic initiatives aimed at enhancing port facilities, promoting sustainable practices, and facilitating international collaboration.
• The foundation stone for projects worth more than Rs 23,000 crores that are aligned with the ‘Amrit Kaal Vision 2047’ was laid.
• Tuna Tekra all-weather deep draft terminal: Its foundation was laid down at Deendayal Port Authority in Gujarat.
• The terminal is likely to emerge as an international trade hub, will handle next-gen vessels exceeding 18,000 twenty-foot equivalent units (TEUs) and will act as a gateway for Indian trade via the India-Middle East-Europe Economic Corridor .
• The summit provides an excellent platform for attracting investment in the country’s maritime sector.
• The first Maritime India summit was held in 2016 in Mumbai while the Second Maritime Summit was held virtually in 2021.
• The summit of 2023 will witness the participation of Ministers from across the globe representing countries from Europe, Africa, South America, and Asia (including central Asia, Middle East and BIMSTEC region).
• 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 & arbitration; maritime clusters; innovation & technology; maritime safety and security; and maritime tourism, among others.