Private investors-PPPs required for upgrade of outdate infra
Strategies are needed for investments from the private sector and Public Private Participations (PPPs) to overcome outdated infrastructure and limited coordination while a regional PPP facilitation platform and harmonised laws were proposed at the BIMSTEC Ports Conclave held in Delhi on 14 July http://commerce.gov.in.
The Minister of Ports, Shipping & Waterways (MoPSW) Sarbananda Sonowal inaugurated the second edition, highlighting that the two-day event has played a critical role in strengthening regional maritime connectivity, ports cooperation and sustainable development in the Bay of Bengal region.
The conclave also explored opportunities from shifting global supply chains, highlighting prospects to attract manufacturing hubs in shipbuilding, logistics, electronics, and renewables https://www.conexpoconagg.com/.
Both sessions stressed the need for coordinated strategies, improved connectivity, and policy reforms to unlock the Bay of Bengal’s potential as a resilient trade and industry hub, the Ministry of Ports, Shipping and Waterways said.
Envisaging the role of BIMSTEC Ports Conclave as a springboard for sustainable development of port led industrial clusters, Sonowal shared his vision and said,
“The BIMSTEC Ports Conclave stands as a springboard to unlock the immense potential of Blue Economy from the Bay of Bengal region http s://fieo.org/.”
“We want this platform to enhance collaboration among all member nations for strengthening port led industrialisation, digital integration and skill development which in turn boost cruise tourism, and foster coastal economic zones.
“Together, we aim to create a seamless and efficient network of ports that can serve as engines of growth. Through joint feasibility studies, PPP, and skill development of our maritime workforce, we can transform our region into a thriving hub of global trade, tourism, and sustainable economic progress,” he said https://www.nseindia.com/.
Building upon the momentum of the 1st BIMSTEC Ports Conclave, the meet aims to operationalise the recently signed BIMSTEC Agreement on Maritime Transport Cooperation (AMTC), facilitate dialogue on port-led development, and foster deeper integration in maritime trade, logistics, cruise tourism, and skill development.
The Conclave is designed to chart a common path towards a sustainable, resilient, and integrated maritime future for the Bay of Bengal, promoting robust economic growth while ensuring environmental stewardship. India was first to ratify the agreement https://www.bseindia.com/.
Minister Sonowal called upon its speedy ratification of Agreement on Maritime Transportation Corporation (AMTC) and implementation, and announced that a BIMSTEC Sustainable Maritime Transport Centre is going to be established under the Indian Ocean Centre of Excellence for Sustainable Maritime Transport (IOCE-SMarT) at the Maritime Training Institute in Powai, Mumbai https://sbi.com.in/.
Underlining the role of this centre to operationalise AMTC BIMSTEC, Sonowal said, “The centre marks a significant step forward in operationalising the BIMSTEC AMTC pact. This Centre will act as a catalyst for harmonising maritime policies, advancing digital and green transformation, and building the skills and capacity of our maritime workforce. By fostering collaboration and innovation, it will help reduce trade costs, enhance connectivity, and position the Bay of Bengal as a vibrant, sustainable hub of regional and global trade http://asean.org.”
Also addressing the meeting, Minister of State for MoPSW Shantanu Thakur laid out a bold and collaborative roadmap to transform the Bay of Bengal into a vibrant hub of trade, tourism, and industry.
“By harmonising maritime transport policies, integrating digital logistics platforms, and unlocking private sector investment, we aim to build seamless regional connectivity. Equally important is our focus on skill development and green innovation, ensuring that our maritime workforce is future-ready and our growth remains sustainable. Together, these efforts will strengthen BIMSTEC’s shared prosperity and resilience in the evolving global landscape.”
The Conclave’s sessions focused on operationalising the BIMSTEC Maritime Transport Agreement, harmonising customs and logistics to boost intra-regional trade, and unlocking cruise tourism’s potential through PPPs and joint branding.
Panels explored plans for port-linked industrial zones, digital integration, and sustainable cruise routes, alongside proposals for a BIMSTEC Ports Coordination Centre and a regional Port Community System. Emphasis was placed on joint investment in multimodal logistics parks, SEZs, and enhancing hinterland connectivity.
“The need to upskill the maritime workforce through cross-border training, industry-academia ties, and green shipping innovation was highlighted as crucial to the region’s future. Collectively, these discussions charted a strategic roadmap to transform the Bay of Bengal into a resilient trade, tourism, and logistics hub,” said the Ministry.
Speaking about Kaladaan project, which is being discussed at the event, the Sonowal said, “The Kaladan Multi-Modal Transit Transport Project stands as a transformative gateway connecting India’s Northeast to the Bay of Bengal, dramatically reducing transit time and trade costs while unlocking new economic opportunities for the region.
Kaladan is not just a bilateral initiative with Myanmar, but a model for seamless regional connectivity across BIMSTEC, he added.
“By linking ports, trade corridors, and value chains, it has the potential to catalyse inclusive growth, deepen integration with our neighbours, and bring the Northeast closer to the global marketplace. Through collaborative planning and policy alignment, Kaladan can truly become a cornerstone of our shared vision for prosperity and sustainable development in the Bay of Bengal,” said the Minister.
The event is being attended by policymakers, high end officials, maritime experts, port authorities, private sector stakeholders, and academic scholars from the seven BIMSTEC nations — Bangladesh, Bhutan, India, Myanmar, Nepal, Sri Lanka and Thailand. Fiinews.com
