The summit, to be held in Mumbai April 14-16 this year is targeting investments of Rs 35,000 crore - Rs 50,000 crore.
From ports- and ship-led development to projects pertaining to connectivity and logistics, the Ministry of Shipping will showcase all its investable opportunities to domestic and global investors in the first-ever Maritime India Summit (MIS) to be held in Mumbai from April 14-16, 2016.
The ministry is likely to showcase over 200 detailed projects in the maritime sector, targeting an investment of Rs 35,000 crore – Rs 50,000 crore. The summit will be inaugurated by Prime Minister Narendra Modi on April 14. It is an attempt by the central government to attract investment in the Indian Shipping and Maritime industry from both domestic as well as international players.
South Korea will be the partner country for the summit and there will be special session by a delegation from that nation on potential areas of collaboration such as shipping, ship building, port, maritime affairs, fisheries and aquatic resources.
The ministry is seeking investment opportunities such as port-led development under the Sagarmala project and ship building under the 'Make in India' scheme. Besides, investment is likely to be sought in inland waterways, coastal and cruise shipping, specialised cargo handling and port mechanisation.
“We are going to showcase over 200 investable projects in maritime sector to the investors. We are targeting to attract an investment of Rs. 50,000 crore,” said a senior official in the shipping ministry.
In port led-development and modernization sector, the project which will be highlighted include development of four greenfield major ports in Vadhavan (Maharashtra), Sagar Island (West Nengal), Colachel (Tamil Nadu) and Dugarajapatnam (Andhra Pradesh). It will also showcase capacity augmentation and modernization projects in existing ports through public-private partnership (PPP) mode.
The ministry will also showcase flagship port led development under “Sagarmala”. The major developmental opportunities identified under the programme include setting up seven to eight coastal economic zones across the maritime states, setting up coastal cement cluster in Gujarat and Andhra Pradesh, steel cluster at Karnataka, Odisha and Andhra Pradesh. Also, smart cities have been conceptualized at Kandla and Paradeep.
The event will also showcase opportunities in ship building, ship repair and ship recycling. The ministry is seeking collaboration with foreign shipyards for modernisation and technological upgradation of Indian shipyards.
Projects related to hinterland connectivity and multi-model logistics will be showcased to attract investment in this sector. “We have identified over 100 road, rail connectivity and Inland Water Transport projects to attract investment in this sector. We are also planning to develop multi-model logistics hubs for which investment will be sought,” said a senior official.
“Since we have identified 111 National Waterways, there are opportunities for the investors for construction of jetties, terminals, transloading and warehousing facilities,’ he added.
Earlier, the ministry has asked the Inland Waterways Authority, Shipping Corporation of India and all 12 major ports to prepare a list of investable projects in their areas.
Source: business-standard. 15 February 2016