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
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