The Maritime India
Summit, to be held in Mumbai from 14-16 April 2016, will showcase projects in
the ports and shipping sector, involving investments of Rs1,20,000 crore,
before potential investors, union minister of shipping, road transport and
highways Nitin Gadkari has said.
Talking to
newspersons in New Delhi on Thursday on the occasion of media launch of
Maritime India Summit, 2016, the minister said the focus of the government is
on creating more jobs in the maritime sector.
Ten million jobs –
4 million direct and 6 million indirect - have been identified to be created in
27 port based industrial clusters, coastal shipping and inland waterways under
Sagarmala project, he added.
The minister
underlined the need to increase exports to improve manufacturing.
The minister
pointed out that the high cost of logistics in India, which is currently about
18 per cent, can be brought down by developing coastal shipping and inland
waterways. The transportation cost can be substantially reduced, which will in
turn reduce logistics cost and make our products more cost effective, he said.
Giving details of
major initiatives taken by the government to develop the maritime sector,
Gadkari said new ports have been announced at Wadhavan, Enayam (near Colachel)
and Sagar with investment of Rs20,157 crore.
In addition 27
projects with investment of Rs12,696 crore, adding capacity of 116 MTPA have
been awarded in 2015-16, which include JNPT road connectivity (Rs2,787 cr),
Paradip mechanisation of coal berths (Rs1,633 cr) , Mumbai 5th oil berth (Rs811
cr), Kandla container terminal (Rs263 cr), Kolkata FSRU (Rs3,500 cr), Ennore
capital dredging (Rs425 cr), Paradip LPG Terminal (Rs690 cr), New Mangalore
mechanisation (Rs470 cr), Goa dredging (Rs194 cr).
The minister said
15 projects with investment of Rs6,879 crore are to be awarded before 31 March
2016, which include Goa conversion of iron ore berths to multipurpose berths in
Mormugao Port (Rs1,100 cr), Ennore oil terminal (Rs700 cr), Ennore capital
dredging (Rs600 cr), Haldia floating POL facility (Rs460 cr), Mumbai FSRU
(Rs2,740).
He said 32 projects
with investment of Rs4,351 crore and capacity of 70 MTPA have been completed in
2015-16 while 46 projects with investment of Rs28,040 crore with capacity of
307 MTPA are under implementation.
Speaking on the
occasion, secretary in the shipping minister Rajive Kumar said the media launch
marks the beginning of a month long campaign to publicise the event nationally
and internationally through print, electronic and outdoor media. The objective
is to attract potential investment in the rapidly transforming maritime sector.
The shipping
ministry had earlier organized MIS 2016 roadshows in Kolkata, Chennai,
Hyderabad and Ahmedabad to highlight the growth potential of the maritime
sector. The official website of the Summit, www.maritimeinvest.in, was also
launched at Mumbai on 17 February 2016 during the Make in India Week. The
minister had also held a meeting with the ambassadors of all maritime nations,
seeking their active participation in the summit and urging them to spread work
about the event in their respective nations.
The Republic of
Korea is participating in MIS 2016 as a partner country in the maiden flagship
initiative of the shipping ministry, which aims to provide a unique platform
for participants to explore potential business opportunities in the maritime
sector.
It is expected that
a large number of foreign delegates especially from the maritime nations such
as South Korea, Norway, Singapore, UAE, UK, France and EU will attend the
summit.
It will showcase
exciting investment opportunities in the sector, including shipbuilding, ship
repair and ship recycling, port modernisation and new port development,
port-based industrial development, port-based smart cities and maritime cluster
development, hinterland connectivity projects and multi-modal logistics hubs,
inland waterways and coastal shipping for cargo and passenger movement,
dredging, lighthouse tourism and cruise shipping and renewable energy projects
in ports.
An exhibition along
with exclusive demo sessions will showcase the latest technology, products and
services as well as help disseminate knowledge about the latest development in
maritime sector.
The event will also
provide a platform for leading global maritime organisations to explore
business opportunities and create awareness amongst stakeholders about the
emerging trends and opportunities in the maritime sector.
Source: 11 March
2016
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