On Tuesday, PM Modi inaugurated the second edition of ‘Maritime India Summit 2021’ via video conferencing. An e-book of maritime vision 2030 was also launched by the PM. The e-book aims to make the Indian maritime industry the top global benchmark in the next 10 years.

The PM said that through this summit, multiple stakeholders can be together and will “achieve great success in boosting the maritime economy.” He added, “India is a natural leader in this sector. Civilizations flourished on our coasts.”

Modi further informed that in 2014, the capacity of major ports was 870 million tonnes per annum, which has now increased to nearly 1550 million tonnes annually. The PM claimed that the gain in productivity does not only help the ports of the country but also boost the overall economy.

Modi stated, “We’re integrating our ports with coastal economic zones, port-based smart cities, and industrial parks. This will anchor industrial investment and promote global manufacturing activity near ports.” The PM claimed that the domestic waterways are found to be an environmentally-friendly and cost-effective way of transporting freight and by 2030, the country aims to operationalize 23 waterways.

Regarding the Sagarmala Project for promoting port-led development, PM Modi informed that at a cost of Rs 6 lakh crore, over 574 projects have been identified for implementation during 2015-2035.

At the summit, Minister of State (MoS) Ports, Shipping and Waterways, Mansukh Mandaviya were also present. CM of Gujarat Vijay Rupani and his Andhra Pradesh counterpart YS Jaganmohan Reddy also joined the event virtually.

Eminent speakers from multiple nations are expected to attend the summit and explore the potential business opportunities and investments in the Indian Maritime domain. For the three-day summit, Denmark is the partner country.

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