Global Maritime India Summit (GMIS)
Source: Free Press Journal
GS II: International Relation
Overview
- News in Brief
- Global Maritime India Summit (GMIS)
Why in the News?
Union minister for ports, shipping and waterways Sarbananda Sonowal said on Monday that the Third Global Maritime India Summit (GMIS) 2023 will be held in Mumbai from October 17 to 19 at the MMRDA Grounds, BKC.
News in Brief
- Each session of GMIS-2023 has been designed to deliberate upon pressing global maritime issues.
- A booklet on GMIS 2023 titled “Navigating Excellence: India’s Maritime Sector” was released on the occasion.
- The 3rd edition is expected to be much bigger and more inclusive than the previous two summits organized in 2016 and 2021 in terms of scale and participation.
- The GMIS 2023 is expected to draw participation from more than 70 countries.
- Discussions are planned on
- Regional cooperation in BIMSTEC countries
- Chabahar and INSTC (International North–South Transport Corridor), Africa, Indo-Pacific, Europe
- Newly launched IMEC (India-Middle East-Europe Economic Corridor).
About Global Maritime India Summit (GMIS)
- The Global Maritime India Summit 2023 (GMIS 2023) is a two-day international summit on the maritime sector.
- It will be held from October 17-19, 2023 at the MMRDA Grounds in BKC, Mumbai.
- The summit is organized by the Ministry of Ports, Shipping and Waterways, Government of India.
- The event aims to bring together key stakeholders and participants from the maritime industry to discuss and showcase the latest developments, innovations, and opportunities in the maritime sector.
- The summit will focus on topics such as maritime trade and logistics, port development, shipbuilding and maritime engineering, offshore oil and gas, coastal and marine tourism, maritime security, and marine environment and conservation.
- Significance
- The significance of GMIS lies in its ability to provide a platform for stakeholders.
- They can come together to discuss the challenges and opportunities facing the sector.
- It also helps to promote India as a maritime hub and to attract investment in the sector.
- The event is expected to attract a large number of participants from across the globe.
- This includes government officials, industry leaders, investors, entrepreneurs, and researchers.
How Global Maritime India Summit (GMIS) benefit India?
- The Indian maritime sector plays a pivotal role in the economic growth of India.
- With a vast coastline of more than 7,500 km, India is among the largest maritime countries in the world.
- Being a part of the world’s busiest trade route elevates the economic prominence of India’s maritime sector.
- 95% of India’s foreign trade and 70% of its total trade in terms of value takes place through seaways.
- India is home to 12 major ports, over 200 other ports, 30 shipyards, and a comprehensive hub of diverse maritime service providers.
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