Sarbananda Sonowal kicks off the Global Maritime India Summit 2023

The Union Minister for Ports, Shipping and Waterways and Ayush, Shri Sarbananda Sonowal, opened the launch of the Global Maritime India Summit (GIMS) 2023 in Mumbai today. The aim of the event is to unlock potential for new investment opportunities and knowledge and technology collaborations to improve trade collaboration and promote Ease of Doing Business (EODB). The event was attended by, among others, the Union Minister of State for Ports, Shipping, Waterways and Tourism, Shri Shripad Naik.

As Shri Sonowal lifted the curtain on the upcoming Global Maritime India Summit 2023, he emphasized the critical role of the maritime sector in India’s economic progress and the potential it holds for the Asia Pacific region. “India can lead from the front,” said Sonowal. He added that India’s maritime sector is primed for growth due to proactive government policies in ports, shipping and inland waterways.

The minister said, “The huge potential of the Indian marine sector can play a significant and crucial role in accelerating the economic cycle towards an Atmanirbhar Bharat by 2047 – a vision of our dynamic Prime Minister Shri Narendra Modi ji.” As a major driver of the Indian maritime sector, has Our Ministry is organizing the Global Maritime India Summit to capitalize on the huge potential of India’s rich maritime sector. With identified investment opportunities of more than 10 lakh crores in the country’s maritime sector, we are on the cusp of a major economic boom that can create employment opportunities for more than 15 lakhs of young people in India. This summit was designed to explore and examine the riches of India’s blue economy. We hope that the best minds in the maritime sector will use their goodwill, intention, intelligence and skills to create a roadmap for sustainable development of the maritime sector and our country.”

Shri Sonowal added, “We invite all maritime stakeholders in India and globally to participate in these investment opportunities.” Under the visionary leadership of Prime Minister Shri Narendra Modi ji, India is at the forefront of promoting regional trade within the BIMSTEC region and is taking a prominent role in the development of various regional projects. India is actively pursuing the establishment of 5,000 km of transnational waterways, a significant initiative that will effectively facilitate trade and transport across the region.”

The aim of the launch event is to create a global forum of thought leaders and industry leaders from the maritime sector to harness the immense potential of the blue economy and chart a roadmap to unlocking value by creating investment opportunities in the maritime sector of India. The forum provides a platform for startups, researchers, incubators and innovators to showcase their technology and expertise. GMIS, 2023 focuses on ports of the future; decarbonization; coastal shipping and inland shipping; shipbuilding, repair and recycling; finance, insurance and arbitration; Innovation & Technology; Maritime security and maritime tourism.

The Union Minister said: “India stands firm in its commitment to developing environmentally responsible shipping solutions.” Under the visionary leadership of Prime Minister Shri Narendra Modiji, India proudly ranks second in global recycling with a clear goal over the next two decades to the to get to the top. To advance this vision, we plan to introduce carbon-neutral alternatives and encourage the use of battery-powered vehicles and equipment in our major ports. With an extensive coastline and over 200 ports, India holds a strategic position in world trade. The country has made impressive strides through transformative initiatives such as Sagarmala and the Prime Minister’s Gati Shakti National Master Plan, which have modernized port infrastructure, improved connectivity and facilitated port-led industrialization.”

Shri Shripad Naik said on this occasion: “The Global Maritime India Summit 2023 represents a crucial milestone in our efforts to position India as a global maritime hub.” Through joint discussions and strategic partnerships, we aim to drive our maritime sector towards sustainable growth, supported by innovation and cutting-edge technology.”

Shri Rajiv Jalota, Chairman of the Indian Ports Association and the Mumbai Port Authority; Shri Rajesh Kumar Sinha, Additional Secretary, Ministry of Ports, Shipping and Waterways; Shri Bhushan Kumar, Joint Secretary (SM), Ministry of Ports, Shipping and Waterways; Shri Rajesh Tandon, CEO, Foreign Owner Representative, Ship Managers Association; Shri Anil Devli, CEO, Indian National Shipowners Association; Shri Dhruv Kotak, Chairman, Ports and Shipping, FICCI Transport Infrastructure Committee and MD, JM Baxi Group, and Shri Shailesh Pathak, Secretary General of FICCI also spoke on the occasion.

The kick-off concluded with the unveiling of the official GMIS 2023 brochure and the launch of the event’s website and mobile app, which will provide a comprehensive overview of the Summit’s agenda and thematic sessions and will serve as essential resources for attendees.

About the Global Maritime India Summit (GMIS), 2023:
GMIS 2023 is a premier event focused on the maritime sector, bringing together key industry figures to explore opportunities, understand challenges and stimulate investment in India’s maritime sector. Building on the legacy of previous editions, this third edition aims to provide broader perspectives for domestic and international maritime stakeholders and investors. The Maritime India Summit is poised to make its presence felt on the global stage and shine the spotlight on India’s maritime industry. This year it has now evolved into the “Global” Maritime India Summit. The summit is scheduled for 17-19 October 2023 at Pragati Maidan, New Delhi with FICCI as the exclusive industry partner.

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