Ten things to know about the first-ever Maritime India Summit

250 projects identified for domestic and foreign investors

GN Bureau | April 14, 2016


#Maritime   #PM Modi  


The first-ever Maritime India Summit was inaugurated on Thursday by prime minister Narendra Modi in Mumbai. Here are the key developments and announcements:

•    Investment deals worth Rs 82,000 crore are expected to be signed during the summit
•    Over 3,000 delegates, including 300 international delegates from 41 countries, have registered in the three-day long summit.
•    The ministry of shipping has identified 250 projects being offered at the summit and over 100 under the Sagarmala project in the maritime sector for domestic and foreign investors. They include development of new ports and modernisation of new berths and terminals at existing ports.
•    An amount of USD 600 is being invested to make river Ganga navigable over 1,620 km, said Nitin Gadkari, minister for road transport and highways and shipping.
•    PM Modi highlighted that oceans cover 70 percent of earth's surface and thus maritime trade is important
•    The PM sought to increase port capacity from 1,400 million tonne to 3,000 million tonne by 2025
•    Modi raised the concern over climate change, and urged speakers to address the issue at the current forum
•    The prime minister took pride in India’s coastline of 7500 km capable of offering vast investment opportunities, and called upon the international community to partner with India for port related development
•    India and South Korea signed a memorandum of understanding for cooperation and mutual assistance in the port sector
•    The summit will also witness 13 technical sessions, 200 exhibitors and 52 participants from South Korea
 

Comments

 

Other News

TRP-driven model bred irresponsibility: Sudhir Chaudhary

News profession is organic in nature, requires responsibility and discipline, and there is no room for mistake. To maintain high standards of accuracy you need discipline and hygiene in the newsroom. Sudhir Chaudhary, editor in chief of Zee News, Zee Business and Wion, has said that a TRP-driven business m

This Mumbai NGO empowers children with skills

When Dharmendra Pandey, a fruit-seller had to leave Mumbai after the imposition of the lockdown during the Covid-19 pandemic, and return to his village in Uttar Pradesh, he was staring at economic uncertainties ahead. Little did he know that his 16-year-old son, Mahavir, had acquired skills that would come

Masks: Awareness: near-total, compliance: half-way

Wearing a face mask is the first line of defence against the novel coronavirus, along with maintaining social distance and frequently washing hands with soap. More than six months after the outbreak of Covid-19, nearly 90 percent of people in India have become aware of the necessity of wearing a face mask,

Covid-19: Daily recoveries cross 1 lakh mark, new cases far fewer

Is India finally gaining an upper hand over the Covid-19 pandemic? After weeks of new cases hitting 90,000-plus every day, the tide seems to be turning, as the number came down to 75,083 on Tuesday, and the recoveries were not only higher than that but crossed the 1 lakh mark too. The countr

A travelogue of an inner pilgrimage

Sit Your Self Down A Novice’s Journey into the Heart of Vipassana By Gayatri Jayaraman Hachette India, 212 pages, Rs 399   As stress and strife increase in daily life, more and more people are turning to meditation as an all

Vote in the time of Covid: EC hosts global webinar

On completion of one year of the chairmanship of the Association of World Election Bodies (A-WEB), the Election Commission (EC) of India on Monday hosted an international webinar on the theme of “Issues, Challenges and Protocols for Conducting  Elections during COVID-19 : Sharing Country

Archives

Current Issue

Opinion

Facebook    Twitter    Google Plus    Linkedin    Subscribe Newsletter

Twitter