Global Maritime Summit 2023 venue shifted to Mumbai
PORTS & SHIPPING

Global Maritime Summit 2023 venue shifted to Mumbai

The eagerly anticipated 'Global Maritime India Summit 2023,' organised by the Ministry of Ports, Shipping, and Waterways, is poised for a change in venue from New Delhi's 'Pragati Maidan' to Mumbai, following Prime Minister Narendra Modi's recommendation to hold the maritime event in a coastal state. An official announcement regarding this venue shift is expected in the next 2-3 days.

The Prime Minister's Office has conveyed that a maritime summit should ideally take place in a maritime state rather than New Delhi. Consequently, preparations are underway to relocate the event to Mumbai, with the MMRDA Grounds in the upscale Bandra Kurla Complex emerging as the most probable location to host this prestigious gathering.

The Ministry also explored the possibility of using the Jio World Convention Centre, managed by Reliance Industries but it was unavailable on the planned Summit dates of October 17 to 19.

It remains unclear whether the change in location will impact the event's dates, which have been scheduled in partnership with the Federation of Indian Chambers of Commerce and Industry (FICCI).

The 'Global Maritime India Summit' is a pivotal event aimed at fostering collaboration, stimulating investments, and enhancing the Indian marine industry. The third edition, which follows successful editions in 2016 and 2021, aims to provide a platform for national and international maritime stakeholders and investors to explore opportunities and address challenges within India's maritime sector.

The Summit's advanced schedule has drawn some criticism, as it was originally expected to occur in 2024 following a four-year cycle. However, the government's decision to hold it earlier is seen as an opportunity to showcase its achievements in the maritime sector ahead of the general elections scheduled for April-May next year.

Shantanu Thakur, Minister of State for the Ministry of Ports, Shipping, and Waterways, emphasised the Summit's potential to drive advancements in the maritime sector, promote self-reliance in shipbuilding, and enhance coastal shipping during a recent roadshow in Mumbai.

The eagerly anticipated 'Global Maritime India Summit 2023,' organised by the Ministry of Ports, Shipping, and Waterways, is poised for a change in venue from New Delhi's 'Pragati Maidan' to Mumbai, following Prime Minister Narendra Modi's recommendation to hold the maritime event in a coastal state. An official announcement regarding this venue shift is expected in the next 2-3 days.The Prime Minister's Office has conveyed that a maritime summit should ideally take place in a maritime state rather than New Delhi. Consequently, preparations are underway to relocate the event to Mumbai, with the MMRDA Grounds in the upscale Bandra Kurla Complex emerging as the most probable location to host this prestigious gathering.The Ministry also explored the possibility of using the Jio World Convention Centre, managed by Reliance Industries but it was unavailable on the planned Summit dates of October 17 to 19.It remains unclear whether the change in location will impact the event's dates, which have been scheduled in partnership with the Federation of Indian Chambers of Commerce and Industry (FICCI).The 'Global Maritime India Summit' is a pivotal event aimed at fostering collaboration, stimulating investments, and enhancing the Indian marine industry. The third edition, which follows successful editions in 2016 and 2021, aims to provide a platform for national and international maritime stakeholders and investors to explore opportunities and address challenges within India's maritime sector.The Summit's advanced schedule has drawn some criticism, as it was originally expected to occur in 2024 following a four-year cycle. However, the government's decision to hold it earlier is seen as an opportunity to showcase its achievements in the maritime sector ahead of the general elections scheduled for April-May next year.Shantanu Thakur, Minister of State for the Ministry of Ports, Shipping, and Waterways, emphasised the Summit's potential to drive advancements in the maritime sector, promote self-reliance in shipbuilding, and enhance coastal shipping during a recent roadshow in Mumbai.

Next Story
Infrastructure Urban

Budget 2025: Key Highlights

On February 1, 2025, Finance Minister Nirmala Sitharaman presented the Union Budget for the financial year 2025-26 in Parliament. This marks the eighth budget by Sitharaman, making her the first finance minister in India’s history to present so many budgets. It is also the first budget of Prime Minister Narendra Modi’s third term.Sitharaman emphasised that the budget focuses on driving growth towards a “Viksit Bharat” (Developed India), with the country maintaining its position as the fastest-growing major economy. She outlined the government’s commitment to inclusive development, im..

Next Story
Infrastructure Urban

Budget 2025-26: Industry reactions

Union Finance Minister, Nirmala Sitharaman announced Budget 2025-26 today. The government has planned a number of strategic initiatives which will drive inclusive growth, boost economic growth and provide an impetus to to India’s competitive edge on the global stage.Here’s what industry has to say about various announcements and initiatives announced in the budget:Real Estate“The Union Budget 2025 is a game-changer, reinforcing India's commitment to inclusive and sustainable urban growth. The SWAMIH Fund 2 with Rs 15,000 crore will accelerate the completion of stalled housing projects, b..

Next Story
Infrastructure Urban

Budget 2025: Key Announcements Impacting Real Estate

Key takeaways for the real estate sector include:• Income tax relief for the middle class: The finance minister announced zero income tax for individuals earning up to Rs 12 lakh annually, providing a major consumption boost. This move is also expected to strengthen demand for affordable housing. Additionally, the new income tax bill will retain nearly 50 per cent of existing provisions while introducing personal tax reforms and rationalising TDS and TCS regimes by streamlining rates and thresholds.• Tax benefits for residential property investors: Investors can now claim nil valuation for..

Hi There!

"Now get regular updates from CW Magazine on WhatsApp!

Join the CW WhatsApp channel for the latest news, industry events, expert insights, and project updates from the construction and infrastructure industry.

Click the link below to join"

+91 81086 03000