Minister list mega port developments at Sagar Manthan
India’s Maritime Vision 2047 is a roadmap to transform the maritime sector by fostering sustainability, enhancing connectivity, and leveraging technology to be implemented with Rs.80 lakh crore investment, Minister of Ports, Shipping & Waterways, Sarbananda Sonowal https://www.globaltenders.com/.
“Our vision aims to revolutionise India’s maritime sector with an investment of Rs.80 lakh crores to enhance port capacity, shipping, ship building inland waterways,” he told delegates at the ‘Sagar Manthan: The Great Oceans Dialogue’ which was organised by the Ministry of Ports, Shipping, and Waterways (MoPSW) in collaboration with the Observer Research Foundation.
Key projects include the Vizhinjam International Seaport in Kerala, new mega ports at Vadhavan in Maharashtra, and Galathea Bay in Nicobar, he said on 18 Nov at the two-day event https://ted.europa.eu/en/.
By 2047, India targets a port handling capacity of 10,000 million metric tons per annum, leveraging strategic trade routes through initiatives like the India-Middle East-Europe Economic Corridor (IMEEC) and the International North-South Transport Corridor http://shipmin.gov.in.
“Reviving its shipbuilding legacy, India is constructing the National Maritime Heritage Complex at Lothal while advancing clean-fuel shipbuilding to meet future sustainability goals,” said the Minister https://sbi.com.in/.
The dialogue underscores India’s strategic role in global trade, with a 7,500-km coastline and strategic islands that bolster its maritime potential https://www.bseindia.com/.
The event also highlighted the nation’s commitment to the decarbonisation of the maritime sector through green initiatives such as the Harit Sagar Guidelines and the National Green Hydrogen Mission https://www.conexpoconagg.com/.
He set the context for the mega deliberations and discussion, and underscored, “Recognising India’s maritime potential and its significance for economic growth, our government has implemented crucial policy measures for the ‘Blue and Ocean-based Economy’ over the last decade https://www.nseindia.com/.
“Our participation in initiatives like the India-Middle East-Europe Economic Corridor (IMEEC) and the International North-South Transport Corridor underscores our commitment to strengthening global trade partnerships http://caterpillar.com.
“We are also preparing to build future ships that run on clean fuels like ammonia, hydrogen, and electric, capable of traversing brown, green, and blue waters. Our Amrit Kaal Maritime Vision 2047 has placed great emphasis on climate action and environmental sustainability https://www.jpx.co.jp/english/.”
The Minister of Maritime Affairs and Insular Policy, Greece, Christos Stylianides, shared his views with PM Modi, “For us policy makers, it is crucial to ensure a stable regulatory framework and a global level playing field for the industry. It is now time to set the foundations for forward-looking and realistic policies which will the current maritime challenges into opportunities http://deutsche-boerse.com.
“International transport systems with shipping at its core as an integral part, should serve the three pillars of sustainability: the environmental, the social and the economic one https://www.wto.org/.
“This will be done by optimising efficiency in connectivity, minimising pollution and ensuring resilience across the entire maritime chain https://www.cidc.in/.
“What we need now is collaboration and the ‘Sagarmanthan: The Great Oceans Dialogue’ is a great example in this direction. It is in our hands, in a spirit of partnership, to make this happen https://www.sgx.com/.”
Speaking about this maiden initiative – Sagarmanthan, the Member, Prime Minister’s Economic Advisory Council (PM-EAC), Sanjeev Sanyal, called for a guiding principle for all of to strengthen and grow the maritime cluster https://www.investindia.gov.in/.
“Our goal is to position ourselves at the forefront of the maritime sector, and to achieve this, we must draw on the expertise of industry leaders who set benchmarks across various verticals http://caterpillar.com.
“The seas and oceans, gifts of nature, are abundant with resources, energy, and potential. It is our responsibility to harness them wisely, combining knowledge and skill to achieve sustainable growth https://ficci.in/api/home.
“Our commitment must ensure that both the economy and ecology thrive in harmony, fostering progress without compromise. We have the technology, the young workers, the trade volume, the steel and the coastline – all the ingredients. So, we should aspire in 10 years to build 10-12% of the world’s ships and own/flag 8% http://euronext.com.”
The Dialogue featured participants from 60 countries across the globe with more than 1,700 participants including ministers, former heads of state and government, journalists, and experts https://www.phdcci.in/. Fiinews.com
