Prime Minister Narendra Modi Inaugurated Maritime India Summit 2016

Prime Minister of India Mr. Narendra Modi has inaugurated the two days Maritime India Summit 2016 (MIS 2016). This is India’s first ever Maritime Summit and the flagship event organised by Union Ministry of Shipping held at the Bombay Convention and Exhibition Centre in Goregaon, Mumbai from 14th April to 16 April, 2016. More than 50 other maritime nations have been invited in the summit.

While inaugurating the summit, The Prime Minister has invited investors to come to India to explore potential business opportunities in Indian Maritime Sector. It has also organized some special sessions on setting up of new ports and capacity augmentation of existing ports, development of inland waterways for cargo and passenger transportation, coastal shipping and other services related to Indian Maritime Sector.

The summit will project vast investment opportunities in each of the Indian Maritime States and Union Territories, including an exclusive partner country session by Republic of Korea. South Korea is the partner country for the summit and will be represented by a high level ministerial and business delegation. 

The main focus of summit is to give impetus to Make In India and blue economy under the Union Government’s ambitious Sagarmala Project emphasizing on port-led development under which 250 projects are being offered at this Maritime Summit. The project involves more than 150 projects related to modernization of existing ports, setting up 5-6 new ports. 

It also seeks to enhance port connectivity through heavy haul rail corridor, freight-friendly expressways, inland waterways, coastal Special Economic Zones (SEZs) and industrial clusters, and so on.  Its main purpose is to set sight on boosting India’s exports by 2025, and create 40 lakh direct jobs and indirect employment for 60 lakh people.

Extra Info :
To know more about Sagarmala Project Click Here

So lets discuss some questions related to this post which can be asked in the upcoming exams :
1. Name the person who has inaugurated the Maritime India Summit 2016 ?
2. The Maritime India Summit 2016 is organizing by which ministry and which place ?
3. Which is the partner country for MIS 2016 ?

Courtesy : The Hindu


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