The Prime Minister, Shri Narendra Modi inaugurated the third edition of Global Maritime India Summit 2023 in Mumbai via video conferencing today. The Prime Minister also unveiled ‘Amrit Kaal Vision 2047’, a blueprint for the Indian maritime blue economy. In line with this futuristic plan, the Prime Minister inaugurated, dedicated to the nation and laid the foundation stone for projects worth more than Rs 23,000 crores that are aligned with the ‘Amrit Kaal Vision 2047’ for the Indian maritime blue economy. The summit provides an excellent platform for attracting investment in the country’s maritime sector.

Addressing the gathering, the Prime Minister welcomed everyone to the 3rd edition of the Global Maritime India Summit 2023. He recalled how the entire world was marred by the uncertainties of the Covid pandemic when the Summit took place in 2021, and emphasized that a new world order is taking shape today. In the changing world order, the Prime Minister underlined that the world is looking towards India with new aspirations. He stated that India’s economy is constantly strengthening in a world dealing with economic crisis, and the day is not far when India will become one of the top 3 economies in the world. Underscoring the role of sea routes in global trade, the Prime Minister emphasized the need for a reliable global supply chain in the post-Corona world.

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The Prime Minister said that history bears testimony that India’s maritime capabilities have always benefited the world. The Prime Minister listed the systematic steps undertaken to strengthen the sector in the last few years. He underlined the transformative impact of the historic G20 consensus on the  proposed India-Middle East Europe Economic Corridor. He said that as the Silk Route of the past changed the economy of many countries, this corridor too will transform the picture of global trade.  He said that Next Generation Mega Port, International Container Trans-shipment port, island development, inland waterways, and multi-modal hub will be undertaken under this leading to a reduction in business cost and environmental degradation will improve logistical efficiency and create jobs. The Prime Minister reiterated that investors have a great opportunity to become part of this campaign and join India.

“Government’s vision of ‘Ports for Prosperity and Ports for Progress’ is bringing transformational changes at the ground level”, the Prime Minister said as he noted that the mantra of ‘Ports for Productivity’ is also being encouraged. Shri Modi informed that the government is taking major steps to enhance economic productivity by making the logistics sector more efficient and effective. He underlined that Coastal Shipping Modes are also being modernized in India and informed that the coastal cargo traffic has doubled in the last decade, thereby providing a cost-effective logistic option for the people. Regarding the development of inland waterways in India, the Prime Minister informed that cargo handling of national waterways grew by four times. He also mentioned India’s improvement in the Logistics Performance Index in the last 9 years.