Devki Nandan, Managing Director of JSW Overseas FZE and JSW Middle East Terminal in the UAE, discusses the Indian Maritime Centre (IMC) and its pivotal role in developing India’s maritime sector. Under Maritime India Vision 2030 and Maritime Amrit Kal Vision 2047, the IMC aims to unite various maritime stakeholders, advocating for policy development and enhancing India’s representation in global maritime forums like the IMO.
The IMC’s organizational structure comprises a General Body for policy guidance and a Board of Directors for implementation, supported by operational and administrative heads. This centralized approach allows for a coordinated effort to tackle common maritime challenges, such as taxation, policy formation, and establishing a Maritime Development Fund, by consolidating the voices of trade and government.
Since its inception, the IMC has rapidly expanded its membership base from seven to 34 and is actively engaging with maritime associations and government entities. Recognizing the urgent need for investment, IMC plans to establish policies to attract financial resources for infrastructure development, with proposals for a Maritime Development Fund to support the sector’s growth.
Moreover, the IMC is focused on fostering innovation through a Startup Maritime India initiative, partnering with academic institutions to enhance the startup ecosystem, driving investment, and enhancing collaboration within the maritime industry.
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