PM Modi to address India Maritime Week at a special plenary session

Prime Minister Narendra Modi will visit the India Maritime Week IMW 2025 on October 29 where he will tour exhibition centres and experience zones before addressing a global gathering Union Minister for Shipping Ports and Waterways Sarbananda Sonowal said here on MondayThe landmark maritime event inaugurated by Union Home Minister Amit Shah has attracted participation from more than 85 nations with over 350 global speakers and 11 foreign ministers in attendance marking it as one of the largest maritime gatherings in the worldThis particular journey is to make India one of the superpowers in the maritime sector Minister Sonowal said at a press conference adding that under the dynamic leadership of Prime Minister Modi India is on track to become one of the top five shipbuilding nations globally by 2047The Minister highlighted the transformative progress achieved over the past 11 years noting that cargo handling capacity has increased by 200 to 300 per cent across different verticals Under the leadership of the Prime Minister the confidence of the people of the country has doubled Sonowal saidHe attributed this growth to the Prime Ministers vision innovative policies and commitment to good governance transparency and accountability which have created an ecosystem for capacity building and capability enhancement in the maritime sectorIn the last 11 years this particular sector which was not taken on the priority agenda before has witnessed a remarkable transformation through the Prime Ministers vision and dynamism the Minister stated He emphasised that these efforts have led to the creation of a quality workforce and the development of clusters for shipbuilding ship repairs and ship recyclingIn a significant announcement Vijay Kumar Secretary of the Ministry of Shipping Ports and Waterways revealed that 680 Memorandums of Understanding MoUs worth Rs 10 lakh crore in investment will be signed during India Maritime Week 2025The investment is distributed across key sectors portled industrialisation Rs 186 lakh crore shipbuilding and repair Rs 155 lakh crore green fuels and sustainability Rs 170 lakh crore port modernisation and logistics Rs 152 lakh crore and maritime finance and digitisation Rs 080 lakh croreWe are creating clusters for ship repair All these MoUs are distributed across different sectors of the economy and will lead to the generation of seven lakh plus employment opportunities Secretary Kumar saidThe India Maritime Week 2025 represents a milestone in the countrys ambition to establish itself as a major player in the global maritime industry while generating substantial employment and economic growthThis story has been sourced from a third party syndicated feed agencies Midday accepts no responsibility or liability for its dependability trustworthiness reliability and data of the text Midday managementmiddaycom reserves the sole right to alter delete or remove without notice the content in its absolute discretion for any reason whatsoever