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Prime Minister Shri Narendra Modi is set to inaugurate the third edition of the Global Maritime India Summit (GMIS) 2023 on October 17, 2023, at approximately 10:30 AM through a video conferencing event. The summit will take place from October 17 to 19 at the MMRDA Grounds in Mumbai.
‘Amrit Kaal Vision 2047’ Unveiled
During the event, the Prime Minister will unveil ‘Amrit Kaal Vision 2047,’ a long-term blueprint for India’s maritime blue economy. This blueprint outlines strategic initiatives aimed at enhancing port facilities, promoting sustainable practices, and facilitating international collaboration. In alignment with this visionary plan, the Prime Minister will inaugurate, dedicate to the nation, and lay the foundation stone for projects worth over Rs 23,000 crore, which are aligned with the ‘Amrit Kaal Vision 2047’ for the Indian maritime blue economy.
Foundation Stone for Tuna Tekra Terminal
Prime Minister Modi will lay the foundation stone of the Tuna Tekra all-weather deep draft terminal, which is to be built at a cost exceeding Rs. 4,500 crore at Deendayal Port Authority in Gujarat. This state-of-the-art greenfield terminal will be developed through a public-private partnership (PPP). It is expected to become an international trade hub, capable of handling next-generation vessels exceeding 18,000 twenty-foot equivalent units (TEUs) and serving as a gateway for Indian trade via the India-Middle East-Europe Economic Corridor (IMEEC).
Global and National Partnerships
During the program, Prime Minister Modi will also dedicate more than 300 Memorandums of Understanding (MoUs) worth over Rs 7 lakh crore, fostering global and national partnerships in the maritime sector.
Global Participation
This summit is the largest maritime event in the country and will see the participation of ministers from various countries across Europe, Africa, South America, and Asia, including Central Asia, the Middle East, and the BIMSTEC region. Global CEOs, business leaders, investors, officials, and other stakeholders from around the world will also be in attendance. Furthermore, several Indian states will be represented by ministers and dignitaries.
Key Focus Areas
Over the three-day summit, critical maritime sector issues will be discussed and deliberated, including topics such as ports of the future, decarbonization, coastal shipping, inland water transportation, shipbuilding, repair and recycling, finance, insurance, and arbitration, maritime clusters, innovation, technology, maritime safety and security, and maritime tourism, among others. The event will also serve as an excellent platform for attracting investment in India’s maritime sector.
Summit History
The first Maritime India Summit was held in Mumbai in 2016, and the second summit was conducted virtually in 2021.
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