India Attracts Over 10 Lakh Crore Investments in Just Three Days After Unveiling the Maritime Amritkaal Vision 2047

India secures over 10 lakh crore investments within three days of unveiling of the Maritime Amritkaal Vision 2047
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The Global Maritime India Summit (GMIS) 2023, one of the largest maritime summits in the world, concluded after three days of deliberations. The event attracted more than 50 countries and 215 international and national speakers, with over 10 lakh crore (approximately $134 billion) in investment commitments made. The summit aimed to achieve Prime Minister Narendra Modi’s vision of ₹80 trillion ($1.07 trillion) investment in the maritime sector by 2047. The Minister of Ports, Shipping & Waterways and Ayush, Sarbananda Sonowal, unveiled the ‘GMIS 2023 Mumbai Declaration’ during the valedictory session.

During the summit, several ministerial level bilateral meetings were held to foster maritime cooperation with countries such as Italy, Tanzania, Sri Lanka, Nepal, and the Netherlands. Key topics discussed at the summit included sustainable development, green ports and shipping, and the role of innovation and technology in driving sectoral efficiency. The summit also highlighted the opportunities in India’s cruise sector and the government’s plans to release a holistic Cruise promotion policy.

Various ministers, including Nirmala Sitharaman, Dharmendra Pradhan, Piyush Goyal, and Sarbananda Sonowal, expressed their support for the development of India’s maritime sector and acknowledged the contributions of seafarers. Overall, the GMIS 2023 summit provided a platform for regional cooperation, collaboration among maritime nations, and the exploration of future-proof solutions in the maritime industry.

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