Global Maritime India Summit records major investment of Rs 2.37 lakh crore on Day 2

Mumbai: The Global Maritime India Summit (GMIS), 2023, one of the biggest maritime summits in the world, recorded major investment of 2.37 lakh crore rupees on the second day of the three day summit in Mumbai on Wednesday (18th October 2023). As many as 70 Memorandum of Understanding (MoU) were signed in the various industries of maritime sector such as Port Development and modernisation, green hydrogen & ammonia, port led development, business & commerce, ship building, knowledge sharing & Port connectivity during the day.

MoUs with the focus on sustainable development were signed in presence of the Union Minister of Ports, Shipping & Waterways and Ayush, Sarbananda Sonowal, the Union Minister of State for Ports, Shipping & Waterways, Shripad Naik and the Union Minister of State for Ports, Shipping & Waterways, Shantanu Thakur.  Post MoU signing ceremony, the Union Minister, Sarbananda Sonowal, said that the maritime sector is playing an instrumental role as it has paved the way for India to sail towards Green Sustainability Transportation. 

Under the visionary leadership of Prime Minister Narendra Modi, India has experienced a historic growth in the last 9 years. Maritime sector is no exception as we are giving major thrust to the future growth multipliers.

The Union Minister also held Ministerial level bilateral meetings with Ministers from Italy, Tanzania and Sri



Lanka. The second day of the GMIS featured a series of insightful sessions, each addressing critical aspects of the maritime industry. The first session chaired by Ashwini Kumar Choubey, Minister of State for Environment, Forest, and Climate Change,  initiated the discussion around the role of the shipping sector in aligning with the goals set by the Ministry of Environment and Forests for a sustainable and environmentally responsible future. This was followed by sessions related to the latest trends in shipping & maritime logistics and dredging chaired by MoS Shantanu Thakur.  

Union Minister of Road Transport & Highways,  Nitin Gadkari deliberated virtually on developing inland waterways as an integrated element of multimodal economic corridors and Strategies and roadmap to promote coastal shipping as preferred mode of transport were discussed. 

MoS Shripad Yesso Naik highlighted the various measures and initiatives to promote cruise tourism during his session. In a boost to amp up maritime trade and commerce via National Waterways 2, Brahmaputra, a Memorandum of Understanding (MoU) was signed between India and Bangladesh Chamber of Commerce and Industry. The memorandum has set the framework to explore the possibility of transportation of various cargo between various destinations of the Northeast region of India and Bangladesh.