Union ministry of Ports, Shipping and Waterways informed that the PM Modi will formally inaugurate the 2nd edition of the Maritime India Summit in the virtual mode on 2nd March 2021.

  • Apart from that, the ministry has already started signing several MoU with various entities.
  • Recently, the Mumbai Port Trust signed Memorandum of Understanding worth Rupees 7,400 crores.
  • As a part of this summit, Rupees 20,000 crore worth Memorandum of Understanding will be signed.
  • Opening session of the summit will mark the ministerial-level participation. The participants will be joining from Russia, Afghanistan, Iran, Uzbekistan, and Armenia.
  • The Maritime summit will also hold discussions on ‘Development of Port Infrastructure and Boosting Business through Trade, Promotion and Regional connectivity’.
  • The summit will also provide a unique platform which will mark the participation of stakeholders in the maritime sectors like sector experts, policy planners, senior government officials, shipping line owners, domestic and international investors and representatives of major ports from several parts of the world along with the governments of maritime states in India.
  • It will also be hosting the forums for interaction and collaboration with Indian and International Ports, Shipping and Maritime Companies and Investors.
  • Ports, Shipping Ministry is organising the summit in collaboration with the FICCI as an Industrial Partner and EY as a Knowledge Partner.

Objective of the Maritime Summit

The Summit is being organised with the objective of pushing India to the forefront of the Global Maritime Sector.

Backdrop

Recently Shipping Minister launched a brochure and a website called www.maritimeindiasummit.in for the 2nd edition of Maritime India Summit. For 2021 summit will be held virtually due to COVID-19 . The registration for exhibitors and visitors for the summit was started on 11th February 2021.

PM to inaugurate Maritime India Summit