The Global Maritime India Summit, 2023, one of the largest maritime summits in the world, anchored ₹10 lakh crores of investment during the three day event, which concluded here today. 

With this huge feat, the third edition of the GMIS made a significant stride towards achievement of ‘Amrit Kaal Vision 2047’ of ₹80 trillion investment - a vision document shared by Prime Minister Narendra Modi for the development of maritime sector by 2047.

At the valedictory session of the GMIS, 2023, the Union Minister of Ports, Shipping & Waterways and Ayush, Sarbananda Sonowal unveiled the  ‘GMIS 2023 Mumbai Declaration’ along with the Union Minister of Finance, Nirmal Sitharaman; the Union Minister of Commerce & Industry, Piyush Goyal; the Union Minister of Education and Skill Development & Entrepreneurship, Dharmendra Pradhan; the Chief Minister of Gujarat, Bhupendrabhai Patel; the Deputy Chief Minister of Maharashtra, Devendra Fadnavis; the Deputy Chief Minister of Maharashtra, Union Minister of State for Ports, Shipping & Waterways, Shripad Naik, the Union Minister of State for Ports, Shipping & Waterways, Shantanu Thakur among others.

Speaking at the valedictory session of GMIS, 2023, the Union Minister of Ports, Shipping & Waterways and Ayush, Sarbananda Sonowal said, “The Global Maritime India Summit, 2023 has made a wonderful beginning by securing an investment commitment of more than ₹10 lakh crores towards achieving the vision of our visionary Prime Minister Shri Narendra Modi ji as envisioned in the Maritime Amrit Kaal Vision, 2047. The vision document launched by Modi ji charts a roadmap for the development of India’s maritime sector with a time bound implementation plan on multiple areas. With the record number of MoUs signed among the stakeholders, the summit has unrolled the trajectory for India to become a global maritime hub. We would like to extend our gratitude to the 10 partner countries, more than 50 partner countries, all the stakeholders, delegates who established a connection during this summit to collaborate on identified areas for cooperation and create future proof solutions. With your active support towards the success of this summit, we believe that GMIS has achieved its objective that offered a platform to boost regional cooperation, collaboration among maritime nations, across dimensions.”

Shri Goyal praised the efforts undertaken by the Ministry of Ports, Shipping and Waterways in enhancing the EXIM trade capacity of India by which it has achieved more 450 billion dollars of trade in 2022-23.  

The global summit witnessed participation from more than countries, 215 international and national speakers and 50,000 physical and virtual attendees. Building upon the legacy of its preceding editions, the third meet unveiled broader prospects for domestic and international maritime stakeholders.

Highlighting role of innovation and technology,the Union Minister Sarbananda Sonowal added, “Under the dynamic leadership of Prime Minister Shri Narendra Modi ji, India has been at the forefront of research and development, and implementation of existing technologies towards driving sectoral efficiency, building capacity. Establishing Digital Centre of Excellence for Maritime Efficiency (COEME) is one of the many initiatives that displays Modi government’s commitment towards technological advancement – both towards indigenous and collaborative development. In line with this, harnessing the potential of India’s maritime start up ecosystem would be a key focus area for our government.”

During this three-day discourse, there was also much discussion about sustainable development with green ports and shipping, an area in which Norway and other leading maritime nations are defining best practises and setting standards that the rest of the world should follow. “India, for example, plans to develop carbon neutrality among other globally trending areas on reduction of GHG emissions with the use of green fuels, electrified/renewable energy-based yard equipment, vehicles”, said Sarbananda Sonowal.

dollars in Foreign Direct Investments, driving progress in this vital industry. India's ports now lead globally, boasting a mere 0.9-day turnaround time, outperforming even international hubs like Singapore and Dubai.”

Earlier, the Prime Minister Narendra Modi inaugurated the GMIS 2023 laid the foundation stones for 21 projects worth ₹18,800 crores with 34 MoUs worth ₹3.24 lakh crore was inked during the Inaugural session. This included Green Projects having share of ₹1.8 lakh crore and Projects of Port Development and Modernisation worth ₹1.1 lakh crore. PM Modi also launched Maritime Amrit Kaal Vision 2047 - a roadmap for maritime sector development for the next 25 years, the Amrit Kaal to make India Atmanirbhar by 2047. PM Narendra Modi shared his vision of unlocking investment of ₹80 lakh crores for the development of maritime sector during this period. At the roundtable on Global Economic Corridors, as many as 60 representatives from various countries attended, which included CEOs from 33 international companies and 17 Indian companies. The inaugural session also witnessed 10 ministers from different countries joined the Union Minister Sarbananda Sonowal on the dais at the event. 21 ministers from 10 countries participated in various sessions at the GMIS, 2023.