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Global Maritime India Summit 2023: A Gateway to 1.5 Million New Jobs

Global Maritime India Summit 2023: A Gateway to 1.5 Million New Jobs

The Ministry of Ports, Shipping, and Waterways is gearing up for the eagerly anticipated Global Maritime India Summit 2023. Union Minister Sarbananda Sonowal has extended a warm invitation to industry players for this significant maritime event scheduled from October 17 to 19 in Mumbai, as announced by the Visakhapatnam Port Authority.

Aligned with the Prime Minister’s vision of One Earth, One Family, One Future, GMIS-2023 aims to address crucial global maritime issues in its various sessions. The summit presents abundant opportunities for Public Private Partnerships, with already identified investment avenues totaling ₹10 lakh crore. These investments have the potential to create over 1.5 million job opportunities, stated the Minister.

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“This summit is a magnet for global investments in diverse maritime sectors, including shipbuilding, ship repairing, and port modernization. The impact of these investments will resonate, generating more than 1.5 million jobs nationwide,” Sonowal affirmed. Notably, this summit follows the successful editions of 2016 and 2021.

The government has implemented measures to enhance coastal communities’ welfare, leading to increased efficiency in ports and improved cargo handling capacity. Sonowal emphasized the vision of nurturing a blue economy, fostering green ports, sustainable infrastructure, developing cruise tourism, and attracting global investments to drive the maritime industry forward.

The summit is set to draw participants from over 70 countries, with more than 250 national and international speakers and CEOs in attendance. It will host over 20 thematic sessions, including 7 international roundtable discussions and 13 sectoral and state-specific deliberations. Dialogues on regional cooperation in BIMSTEC countries, Chabahar, INSTC (International North–South Transport Corridor), Africa, Indo-Pacific, Europe, and the newly launched IMEC (India-Middle East-Europe Economic Corridor) are also on the agenda.

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Key focus areas for the summit encompass future-ready ports, decarbonization initiatives, coastal shipping and inland water transport (IWT), shipbuilding, and financial strategies. The event promises to be a pivotal moment in the maritime industry, offering vast economic prospects and ushering in a new era of growth, sustainability, and employment opportunities for India.

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