PM unveils long-term blueprint for India’s maritime economy

ForumIAS announcing GS Foundation Program for UPSC CSE 2025-26 from 26th June. Click Here for more information.

Source: The post is based on the article PM unveils long-term blueprint for India’s maritime economy” published in “The Hindu” on 18th October 2023

What is the News?

The Prime Minister has inaugurated the Global Maritime India Summit 2023 in Mumbai.

What is the Global Maritime India Summit?

Organized by: Ministry of Ports, Shipping and Waterways.

Aim: To boost the Indian maritime economy by promoting global and regional partnerships and facilitating investments.

The first Maritime India summit was held in 2016 in Mumbai while the Second Maritime Summit was held virtually in 2021.

What are the key highlights from the Global Maritime India Summit 2023?

Amrit Kaal Vision 2047: It is a 25-year blueprint for the Indian maritime blue economy. 

– The plan outlines strategic initiatives aimed at enhancing port facilities, promoting sustainable practices and facilitating international collaboration.

Tuna Tekra all-weather deep draft terminal: It is going to be built at Deendayal Port in Gujarat.

– The port will be developed through a public-private partnership(PPP) mode.

– The port will handle modern vessels with a capacity exceeding 18,000 twenty-foot equivalent units (TEUs).

– It will also serve as a key entry point for Indian trade along the India-Middle East-Europe Economic Corridor (IMEEC).

Print Friendly and PDF