PM Modi unveils long term blueprint for India's maritime economy

Prime Minister Narendra Modi inaugurated a series of significant maritime projects, including the unveiling of a long-term vision document for the blue economy. These initiatives are aligned with the ‘Amrit Kaal Vision 2047’ for the Indian maritime blue economy.

Strategic Initiatives for Maritime Growth

The vision document outlines strategic initiatives aimed at enhancing port facilities, promoting sustainable practices, and facilitating international collaboration.

Aligned with ‘Amrit Kaal Vision 2047’

During the third edition of the Global Maritime India Summit, the Prime Minister inaugurated, dedicated to the nation, and laid the foundation stone of projects worth more than Rs 23,000 crore, aligned with the ‘Amrit Kaal Vision 2047’ for the Indian maritime blue economy.

Key Agenda of the Global Maritime India Summit

The summit will discuss and deliberate key issues of the maritime sector, including:

Ports of the Future
Decarbonization
Coastal Shipping and Inland Water Transportation
Shipbuilding, Repair, and Recycling
Finance, Maritime Clusters, and Maritime Tourism

Foundation Stone Laid for Tuna-Tekra Deep-Draft Terminal

The Prime Minister laid the foundation stone of the Tuna-Tekra all-weather deep-draft terminal, to be built at a cost of more than Rs 4,500 crore at Deendayal Port Authority in Gujarat.

Greenfield Terminal for International Trade Hub

The greenfield terminal, developed through a public-private partnership (PPP) mode, is expected to emerge as an international trade hub.
It will handle next-gen vessels exceeding 18,000 twenty-foot equivalent units (TEUs) and serve as a gateway for Indian trade via the India-Middle East-Europe Economic Corridor (IMEEC).

300+ Memorandums of Understanding (MoUs) for Partnerships

The Prime Minister also dedicated more than 300 Memorandums of Understanding (MoUs) worth more than Rs 7.16 lakh crore for global and national partnerships in the maritime sector.

International Participation at the Summit

The summit will see participation from ministers representing countries from Europe, Africa, South America, and Asia (including Central Asia, Middle East, and BIMSTEC region).
Global CEOs, business leaders, investors, officials, and other stakeholders will attend the mega maritime event.

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