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PM Modi to inaugurate Maritime summit, unveil ‘Amrit Kaal Vision 2047’ for blue economy

PM Narendra Modi to inaugurate the Global Maritime India Summit

Prime Minister Narendra Modi will inaugurate the third edition of the Global Maritime India Summit (GMIS) 2023 tomorrow. He will unveil ‘Amrit Kaal Vision 2047’, the long term blueprint for the Indian maritime blue economy during the programme.

The blueprint outlines strategic initiatives aimed at enhancing port facilities, promoting sustainable practices, and facilitating international collaboration. Modi will inaugurate and lay the foundation stone of projects worth more than Rs 23,000 crore, that are aligned with the ‘Amrit Kaal Vision 2047’ for the Indian maritime blue economy.

Tuna Tekra, the all-weather deep draft terminal, to be built at a cost of more than Rs 4,500 crore at Deendayal Port Authority in Gujarat is one of the projects that will be flagged off. This state-of-the-art greenfield terminal will be developed in public private partnership (PPP) mode. The terminal, which 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 India-Middle East-Europe Economic Corridor (IMEEC).

The three day summit is the biggest maritime event in the country. Representatives from Europe, Africa, South America, Asia (including central Asia, Middle East and BIMSTEC region) are slated to participate in the summit to be held in Mumbai.

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; maritime safety and security; and maritime tourism, among others will be discussed. The summit will also provide an excellent platform for attracting investment in the maritime sector of the country.

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