Published: 28th Sep, 2023
Context
Recently the Global India Maritime Summit (GMIS 2023) is going to held in India from 17th to 19th October 2023, at Pragati Maidan, New Delhi.
About the Summit:
- Objective: GMIS 2023 is a premier maritime sector focused event to bring together pivotal figures from the industry to explore opportunities, understand challenges, and stimulate investment within India's maritime sector.
- Building upon the legacy of its preceding editions, this third installment aims to unveil broader prospects for domestic and international maritime stakeholders and investors.
- Ready to make its presence felt on the global stage and spotlight India's maritime industry, the Maritime India Summit has now evolved to the 'Global' Maritime India Summit this year.
- FICCI will be the exclusive industry partner.
Need to boost India’s maritime industry:
- Before 2014, India's ports faced challenges related to cargo handling capacity, competitiveness, and efficiency.
- The sector lacked modernization, mechanization, and digitization.
- The World Bank's Logistic Performance Index reports indicate substantial improvements in various parameters, reflecting the success of these initiatives taken in India.
India’s Upcoming Projects:
- Eastern Maritime corridor (EMC) — Vladivostok to Chennai: Coking coal, crude oil, LNG, and fertilisers could be the potential cargo that can be transported to India from Russia.
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