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25/02/2021 03:23pm

PM to inaugurate Maritime India Summit 2021 to promote investment in the Sector

image PM to inaugurate Maritime India Summit 2021 to promote investment in the Sector

New Delhi, Feb 25 (KNN) Prime Minister Narendra Modi will virtually inaugurate the second edition of Maritime India Summit 2021 on 2nd March 2021, according to a statement by the Ministry of Ports, Shipping and Waterways. The objective of the summit is to promote both international and domestic investment in the Ports and Maritime Sector.

“The objective of the Summit is to propel India to the forefront of the Global Maritime Sector. The signing of MoUs with various entities has already started. Mumbai Port Trust has signed MoUs worth Rs. 7400 Crore so far. It is expected that Rs. 20,000 Crore worth MoUs will be signed as part of this Summit,” said Chairman, Mumbai Port Trust, Rajiv Jalota.

The Chairman also informed that the MIS 2021 will provide a unique platform where various stakeholders in the maritime sectors such as Policy Planners, Senior Government Officials, Domestic and International Investors, Sector Experts, Shipping Line Owners, Representatives of Major Ports from across the world as well as the Governments of Maritime States in India will participate.

“A session showcasing, ‘Investment Opportunities in Maharashtra’ is planned for the opening day (02nd March). Around 6,96,000 participants have already registered for the virtual summit” said Shri. Jalota. Eminent speakers from 20 countries are expected to attend the Summit and explore the potential business opportunities in the Indian Maritime Sector.

The opening session of the summit will have ministerial-level participation from Afghanistan, Russia, Uzbekistan, Iran and Armenia and will feature discussions on Development of Port Infrastructure and Boosting Business through Trade, Promotion & Regional connectivity.

Plenary, special and various thematic/ breakout sessions are planned, where International experts in their respective fields will participate. There are sessions that will focus on each coastal state. Eight States/UTs – Maharashtra, Gujarat, Odisha, Andhra Pradesh, Karnataka, Tamil Nadu, Andaman & Nicobar and Lakshadweep have already partnered for the MIS-2021.

The proposed Summit will also host forums for interaction and collaboration with the Indian and International Ports, Shipping and Maritime Companies, Investors, and other stakeholders. The Summit will also include an exclusive CEOs’ forum with the Minister of State (I/c) of Ports, Shipping and Waterways, Shri. Mansukh Mandaviya.

The MIS-2021 will celebrate Chabahar day on 04th March 2021. Chabahar is Iran's closest and best access point to the Indian Ocean.


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