Prime Minister Narendra Modi is set to inaugurate the third edition of the Global Maritime India Summit (GMIS) 2023. During the event, he will unveil ‘Amrit Kaal Vision 2047,’ a long-term strategic plan for the Indian maritime blue economy.
This blueprint outlines a series of strategic initiatives aimed at improving port facilities, promoting sustainable practices, and facilitating international cooperation. Additionally, PM Modi will inaugurate and lay the foundation stone for projects worth over $2.77 billion, aligning with the ‘Amrit Kaal Vision 2047’ for India’s maritime blue economy.
One of these projects is the Tuna Tekra all-weather deep draft terminal, which is set to be constructed at a cost exceeding $543 million at the Deendayal Port Authority in Gujarat. This state-of-the-art greenfield terminal will be developed through a public-private partnership (PPP) model and is expected to become an international trade hub. It will handle next-generation vessels with a capacity of over 18,000 twenty-foot equivalent units (TEUs) and serve as a vital gateway for Indian trade via the India-Middle East-Europe Economic Corridor (IMEEC).
The three-day GMIS is the largest maritime event in India, attracting representatives from Europe, Africa, South America, Asia (including Central Asia, the Middle East, and the BIMSTEC region). Mumbai serves as the venue for this prestigious gathering.
During the summit, key issues in the maritime sector, such as the future of ports, decarbonization, coastal shipping, inland water transportation, shipbuilding, repair and recycling, finance, insurance, arbitration, maritime clusters, maritime safety and security, and maritime tourism, will be discussed. The event will also offer an excellent platform for attracting investment into India’s maritime sector.
