Global Maritime India Summit 2023

Subject :IR

Section: Msc

Context: PM to inaugurate the Global Maritime India Summit 2023

More about the news:

Indian Prime Minister Narendra Modi inaugurated the Global Maritime India Summit 2023 via video conferencing in Mumbai.
He unveiled ‘Amrit Kaal Vision 2047,’ a blueprint for India’s maritime blue economy, and laid the foundation stone for projects worth over Rs 23,000 crores in line with this vision.
He emphasized the importance of India’s maritime capabilities in global trade and detailed the government’s efforts to strengthen the sector.
The summit serves as a platform to attract investment in India’s maritime industry, promoting port development, sustainability, and international collaboration.
Modi invited global investors to contribute to India’s development as it aims to become a developed nation by 2047.
The event witnessed the participation of ministers and stakeholders from around the world to discuss various aspects of the maritime sector.

What is Global Maritime India Summit 2023

Global Maritime India Summit 2023 is a premier maritime sector focused event to bring together pivotal figures from the industry to explore opportunities, understand challenges, and stimulate investment within India’s maritime sector.
Building upon the legacy of its preceding editions, this third installment aims to unveil broader prospects for domestic and international maritime stakeholders and investors.
The summit will witness the participation of Ministers from across the globe representing countries from Europe, Africa, South America, and Asia including central Asia, Middle East and BIMSTEC region.
The summit is also to be attended by Global CEOs, Business leaders, Investors, Officials, and other stakeholders worldwide.
Further, several Indian states will also be represented at the summit by the Ministers and other dignitaries.