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Maritime News

India has one of the largest merchant shipping fleet

India, the largest maritime country with strategic location and long coastline, has tremendous potential to become a major maritime nation. With an aim to position India as a Global Maritime nation, the Ministry of Shipping, in association with Maritime Gateway, KPMG and Krishnapatnam Port, has announced the commencement of ‘India Maritime Week’ in January 2012.

K. Mohandas, IAS, Secretary, Ministry of Shipping, today unveiled the logo of India Maritime Week; which is scheduled to take place from 17-21 January 2012. The event will bring together national and international business leaders, policymakers, entrepreneurs, investors, strategists, advisors and users onto one large platform to discuss the current market scenario, issues and apprehensions, derive solutions and arrive at consensus.

India has one of the largest merchant shipping fleet and is ranked 16th among the maritime countries. Its coastline is dotted with 12 major ports and 187 minor ports and in the last 10 years, India’s external trade, as a proportion of gross domestic product (GDP) has more than doubled and is close to 40 per cent and bulk of this international trade is carried through shipping. The traffic handled at major ports is projected at 615.70 MT during 2011-12 as per National Maritime Development Programme (NMDP).

The various initiatives being taken up by the Ministry of Shipping, Government of India are all directed towards building India into a leading maritime nation. Reiterating the ministry’s commitment at a recent international platform,  G K Vasan, Hon'ble Minister for Shipping, Government of India said, “There are tremendous opportunities in the ports and maritime sector for investments given India's robust economic growth and ever increasing demand for energy. 

The Government of India has put in place a favourable and investor-friendly policy framework. As the Indian maritime sector is poised for a healthy growth complimenting the growth of the Indian economy, you can participate closely in India's port and shipping development programme as an active partner.”

While announcing India Maritime Week 2012 (IMW 2012),  K. Mohandas, IAS, Secretary, Ministry of Shipping said, “India Maritime Week is designed to showcase India as a global maritime hub and to assist our efforts in evolving a cohesive approach in nurturing our ambitions of shaping India into the top maritime nation. This event will derive ways and propel new initiatives in achieving our larger maritime goals.”

India Maritime Week provides a gateway to the vast expertise and wealth of knowledge through a series of discussions and facilitates the knowledge exchange and dialogue to help build better business processes. During this week-long event, successful organisations and businesses come together to transform individual ideas into collective knowledge.

Anil Yendluri, CEO, Krishnapatnam Port Company Limited said, “We are privileged to be associated with such an event, unprecedented in quality and range. We have immense confidence that India Maritime Week will be successful in showcasing India’s maritime capabilities to the world. The event will go a long way in bringing together and forging partnerships among the maritime fraternity who believe in working collectively for a common maritime cause.”

Announcing the event, Gateway Media’s Executive Director, Ramprasad, said, “India’s maritime industry is at an exciting time as the economy races ahead with great promise. As the key drivers – ports and shipping sectors – call for capacity creation, there is indeed a need for the global maritime fraternity to come together, communicate and play a proactive role in the happening growth story. India Maritime Week will enable the dialogue and propel the ongoing voyage. We are delighted to organise, with the support from the Ministry of Shipping, such a colossal and cosmopolitan event.”  

The maritime tradition of India is as old as our civilization and as vast as the Indian Ocean. Indian maritime sector, the bedrock of India's rapidly expanding economy market – has all the ingredients to become competitive in the global scenario and script a success story. Promising the growth plan of the India maritime industry, the week-long event – India Maritime Week – brings both international and Indian maritime community together. The range of activities should make government officials, industry, educational institutions, and trade organizations as participants and reflect the vibrancy and diversity of India as a major maritime destination.

Date: 28 July 2011                                                                     Source: IndiaInfoline


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