India secures over 10 lakh crore investments within three days of Maritime Amritkaal Vision 2047

India secured over 10 lakh crore investments within three days of the unveiling of the Maritime Amritkaal Vision 2047. The Global Maritime India Summit, 2023, one of the largest maritime summits in the world anchored 10 lakh crore rupees of investment during the three-day event, which concluded here on Thursday.

Speaking at the valedictory session of GMIS, 2023, the Union Minister of Ports, Shipping & Waterways and Ayush, Sarbananda Sonowal said that the Global Maritime India Summit, 2023 has made a wonderful beginning by securing an investment commitment of more than 10 lakh crores rupees towards achieving the vision of our visionary Prime Minister Narendra Modi as envisioned in the Maritime Amrit Kaal Vision, 2047.

Union Minister of Education and Skill Development & Entrepreneurship, Dharmendra Pradhan emphasised the need for providing seafarers with a more supportive and more comfortable working environment evolved in the post-pandemic era. The Union Minister of Commerce & Industry, Textiles, Consumer Affairs, Food and Public Distribution Piyush Goyal, the Chief Minister, Government of Gujarat, Bhupendrabhai Patel along



with Shri Sonowal wrapped up GMIS 2023 shared their thoughts on how India’s maritime sector is the backbone of nation’s economy that contributes towards all the public and private port authorities, shipping lines, legacy companies, startups, MSMEs and other supporting industries.

The three days of the summit witnessed a series of insightful roundtables and sessions, each addressing critical aspects of the maritime sector including the key regional development initiatives with discussions on the India Middle East Europe Economic Corridor (IMEC), BIMSTEC, Chabahar port INTSC corridor.

The GMIS 2023 highlighted the opportunities in India’s cruise sector while bringing to light the Government’s commitment to developing the cruise sector with measures including the creation of cruise terminal infrastructure, incentivisation with relaxation in taxes, institutional capacity building with training academies dedicated to cruise, and an attractive and stable regularity policy framework in line with international standards inviting international players to set up their base in India.