MUMBAI: The world is looking to India in the hope that it will lead the efforts for a new world order, Prime Minister Narendra Modi said on Tuesday, adding that the day when India will be among the top three global economies is not far off. “In this changing world order, the whole world is looking towards India with new aspirations,” Prime Minister Modi said on Tuesday when kicking off the three-day Global Maritime India Summit in the nation’s capital. While the rest of the globe is experiencing an economic crisis, the Indian economy is becoming stronger. India will soon rank among the top three economic powers in the world, and that day is not far off.The prime minister of the nation emphasised the significance of the marine industry, saying, “History gives witness that whenever India’s maritime capabilities has been strong, the country and the globe have tremendously benefited from it. Using this as our guiding concept, we have been working strategically to strengthen this industry for the past nine years. PM Modi continued by saying that the implementation of the India-Middle East-Europe Economic Corridor will have a huge positive impact on the maritime industry. “Recently, a historic agreement on the creation of an India-Middle East-Europe Economic Corridor was struck during the G20 Summit. This is a significant measure taken at India’s initiative that may revitalise the maritime sector globally in the twenty-first century, according to PM Modi.He also laid the cornerstone for 18 billion rupee projects. He lay the cornerstone for the Tuna Tekra all-weather deep draught terminal, which would be built at Deendayal Port Authority in Gujarat for more than Rs. 4,500 crore. A public-private partnership (PPP) strategy will be used to create the cutting-edge greenfield terminal. The “Amrit Kaal Vision 2047″ for the Indian maritime blue economy was also unveiled by him. The summit is the largest maritime event that the nation has ever held. The inaugural Maritime India conference took place in Mumbai in 2016, and the second one took place essentially in 2021. The third summit will take place at the MMRDA Grounds in Mumbai from October 17 to October 19. the future of ports, decarbonization, coastal shipping, inland water transportation, shipbuilding, repair, and recycling, finance, insurance, and arbitration, maritime clusters, innovation & technology, maritime safety & security, and maritime tourism, among other topics, will all be covered during the three-day summit. The meeting will serve as a forum for luring investment into the nation’s maritime industry.
