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First Maritime India Summit 2016
Apr 23, 2016

Inaugurated by Prime Minister Narendra Modi, the first Maritime India Summit was held in Mumbai from 14-16 April. The Summit, besides resulting in business agreements for Rs 82,905 crore investments, played a key role in highlighting the role of port led development for faster and sustainable economic growth.

  • The summit provided a platform for participation, engagement and interaction from 42 countries.

  • More than 5000 delegates from around the globe participated in the Summit.

  • The 3 day exhibition organized during the Summit also drew enthusiastic response from 197 exhibitors including 81 international companies, 80 Indian private sector companies and 36 Government owned entities.

  • 13 thematic sessions and 3 special sessions on various aspects of maritime sector were organised in which more than 80 eminent speakers from across the globe deliberated and shared their vision and experience and interacted with the audience.

  • The thematic session on Maritime Nations highlighted the global nature of the shipping industry and the importance of co-operation & collaboration between maritime nations.

  • The focus sessions on maritime States brought to fore the investment opportunities in various maritime States and Union Territories of India.

  • There were sectoral seminars on shipbuilding and ship repair, skill development through maritime education, inland waterways development, cruise shipping and lighthouse tourism, fisheries development and maritime security.

  • An exclusive CEOs’ Forum of select industry leaders was held to deliberate on the potential and growth opportunities of the Indian Maritime Sector. The enriching discussions, suggestions and learnings from various similar developments in many countries will help Ministry of Shipping in implementing a sustainable roadmap for the sector.

  • The session on the Partner Country Republic of Korea, highlighted the strengths of Korea as a Maritime Nation especially in Ship Building, Maritime technology, Port led Development, Maritime Financing and Maritime Security.

  • The Summit has also provided a unique platform to forge new partnerships with other countries. On the side-lines of this Summit, high level bilateral meetings were held with 12 participating countries.

  • The Summit showcased around 240 projects which present investment opportunities during the next five years. The investment potential of these projects is around $ 66 Billion (Rs. 4.34 lakh crores). The Ministry of Shipping has established an Investment Facilitation Cell in Indian Ports Association to follow up on these opportunities with potential investors and ensure that the announcements and intent expressed during the summit materialize into actual projects and investments.

Maritime Heritage Museum: One of the top attractions at the Summit was the Maritime Heritage Museum, built in the form of a container ship with interiors resembling a Spanish Galleon. The museum depicts the 5000 years rich maritime heritage of India, right from the earliest port at Lothal to the modern days of shipping in the form of artefacts, replicas, photographs, maps and navigation equipment.

141 Agreements Signed

Two days of hectic activity at the first ever Maritime India Summit in Mumbai has resulted in attracting investments worth Rs 82,905 crores. A total of 141 MoUs and Business Agreements were signed by various players in maritime sector including Major Ports, State Maritime Boards and PSUs like Shipping Corporation of India, Cochin Shipyard Limited, Inland Waterways Authority of India etc.

  • Projects for which agreements have been signed cover a wide spectrum of activities including..

  • Modernisation of existing ports and establishment of new ones.

  • Development and extension of Inland Waterways.

  • Enhancement of cargo handling capacity of Indian ports.

  • Improving hinterland connectivity of ports through road and rail network.

  • Upgradation of educational and training facilities for maritime sector.

Major Agreements Signed

  • One major agreement relates to establishment of a Greenfield port at Vadhavan, Maharashtra. Phase-I of the Project is estimated to be around Rs 9167 crores. An MoU for the project was signed between Jawaharlal Nehru Port Trust and Maharashtra Maritime Board.

  • To give boost to inland water transport, Government of Andhra Pradesh entered into an MoU with Inland Waterways Authority of India for development of National Waterway 4 at estimated cost of around Rs 3000 crs. Once developed, this waterway will help take off roads significant portion of cargo traffic. Mr Chandrababu Naidu, Chief Minister of Andhra Pradesh was present on the occasion.

  • Gujarat Maritime Board (GMB) entered into an MoU with Shapoorji Pallonji Company for development of a new LNG Terminal costing around Rs 5411 crs at Chara.

  • GMB will also ink an MoU with IL&FS for setting up a Maritime Services Cluster at GIFT City, Gandhinagar.

  • Visakhapatnam Port Trust signed an MoU with HPCL who plan to increase the capacity of Visakha Refinery from 7.50MMT to 15MMT at an estimated cost of Rs 18412 cr.

  • Shipping Corporation of India also signed a slew of agreements to enhance shipping capacity both inland as well international.

  • Indian Maritime University (IMU), the premier institution engaged in education and training of maritime personnel signed MoUs with 4 international institutions including Bangabandhu Sheikh Mujibur Rahman Maritime University, Dhaka, Bangladesh; Institute of Chartered Shipbrokers  and Plymouth University, U.K and Admiral G.I. Nevelskoi Maritime State University, Vladivostok, Russia.

  • IMU also entered into an MoU with Andaman & Nicobar administration for establishment of training facilities in A& N Islands.


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