VIJAYAWADA, April 13: : In the wake of APs priority for port led development policy, Chief Minister N. Chandrababu Naidu is attending to the – Maritime India summit on Thursday in Mumbai. A two-day conference will host forums to foster interaction between stakeholders B2B and G2B meetings; special secessions on investment opportunities in Maritime sector with focus on ship building, ship repair, ship recycling, dredger/barge manufacturing, setting up of new ports, development of inland waterways for cargo and passenger transportation, coastal shipping passenger ferry services, lighthouse and cruise tourism, island development and aquatic resources, maritime cluster development and other services related to Indian Maritime Sector.
The summit will attract more than 2000 participants, including senior Government officials and policy makers, CEOs of Indian and global Maritime industry, industry experts, thought leaders and distinguished guests across the world.
The State government which is banking big on port led development to pitchfork the coastal economy into growth trajectory has submitted proposals worth Rs. 4,000 crores under – Sagarmaala project for development of port and connectivity infrastructure.
It’s worth mention here the commissioning of cargo shipment last month from Krishnapatnam port to Bangladesh. India and Bangladesh have a Bilateral Protocol on Inland Water Transit and Trade (PIWTT) for operation of inland vessels on the river protocol routes between seven ports in each country viz., Kolkata, Haldia, Paradip, Visakhapatnam, Kakinada, Krishnapatnam and Chennai on India’s east coast and Chittagong, Mongla, Khulna, Chittagong, Paira, Narayanganj, Pangaon and Ashuganj. A Standard operating procedure was signed between the countries last November to move commercial cargo between the two countries also stating the provisions and procedures to be followed for such movement. This protocol has also facilitated the movement of EXIM trade as well as cargo bound for the North Eastern state of India.
In order to promote port led development including rapid capacity expansion, modernization of ports and improvement in evacuation, the ministry of shipping has envisaged the Sagarmala project. The aim of the project is to develop India’s ports and coastline making them comparable to global benchmarks. Under Sagarmala 150 projects have been identified which would entail an investment of Rs. 3 lakh crore.