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‘Govt to restore India’s position in Maritime sector’

Modi calls upon global business community to partner with India to give shape to a process of port led development

Policy Pulse
Publish Date: Apr 14 2016 12:01PM | Updated Date: Apr 15 2016 11:21AM

‘Govt to restore India’s position in Maritime sector’
PM at an exhibition during Maritime India Summit in Mumbai
 
Prime Minister Narendra Modi said that his government plans to revive and restore India's position of eminence in the global maritime sector.
 
Speaking at the inauguration of Maritime India Summit on Thursday, PM said that the Centre is working on steps to modernise ports integrate them with SEZs, Port based 
Smart Cities, Industrial Parks, Warehouses, Logistics Parks.
 
He also called upon global business community to partner with India to give shape to a process of port led development and added that long coastline of India along with diverse coastal regions & hard working coastal communities can become engine of growth of the country.
 
“Performance of key ports in last two years has been amazing. Operating profit margins which are declining have increased”, added Modi.
 
PM also stressed that his government’s vision is to increase port capacity from one thousand, four hundred million tonnes to three thousand million tonnes by 2025.
 
“This is the right time to come to India, it is even better time to come through sea-route”, he said.