{"id":4091,"date":"2023-10-17T09:11:45","date_gmt":"2023-10-17T09:11:45","guid":{"rendered":"https:\/\/jammubulletin.com\/site\/?p=4091"},"modified":"2023-10-17T09:11:45","modified_gmt":"2023-10-17T09:11:45","slug":"day-not-far-when-india-will-be-among-top-3-economies-pm-modi","status":"publish","type":"post","link":"https:\/\/jammubulletin.com\/site\/day-not-far-when-india-will-be-among-top-3-economies-pm-modi\/","title":{"rendered":"“Day not far when India will be among top 3 economies”: PM Modi"},"content":{"rendered":"

MUMBAI: The\u00a0<\/span>world\u00a0<\/span><\/span>is\u00a0<\/span><\/span>looking\u00a0<\/span>to\u00a0<\/span><\/span>India<\/a>\u00a0<\/span><\/span>in\u00a0<\/span><\/span>the\u00a0<\/span>hope\u00a0<\/span><\/span>that\u00a0<\/span>it\u00a0<\/span><\/span>will\u00a0<\/span>lead\u00a0<\/span><\/span>the\u00a0<\/span>efforts\u00a0<\/span><\/span>for\u00a0<\/span><\/span>a\u00a0<\/span>new\u00a0<\/span>world\u00a0<\/span>order,\u00a0<\/span><\/span>Prime\u00a0<\/span>Minister\u00a0<\/span>Narendra\u00a0<\/span>Modi\u00a0<\/span><\/span><\/a>said\u00a0<\/span><\/span>on\u00a0<\/span><\/span>Tuesday,\u00a0<\/span><\/span>adding\u00a0<\/span><\/span>that\u00a0<\/span><\/span>the\u00a0<\/span>day\u00a0<\/span><\/span>when\u00a0<\/span><\/span>India\u00a0<\/span><\/span>will\u00a0<\/span>be\u00a0<\/span><\/span>among\u00a0<\/span><\/span>the\u00a0<\/span>top\u00a0<\/span>three\u00a0<\/span><\/span>global\u00a0<\/span>economies\u00a0<\/span><\/span>is\u00a0<\/span>not\u00a0<\/span><\/span>far\u00a0<\/span>off.<\/span><\/span><\/span> <\/span><\/span><\/span>“In\u00a0<\/span><\/span>this\u00a0<\/span>changing\u00a0<\/span>world\u00a0<\/span><\/span>order,\u00a0<\/span><\/span>the\u00a0<\/span>whole\u00a0<\/span><\/span>world\u00a0<\/span><\/span>is\u00a0<\/span>looking\u00a0<\/span><\/span>towards\u00a0<\/span><\/span>India\u00a0<\/span><\/span>with\u00a0<\/span>new\u00a0<\/span><\/span>aspirations,”\u00a0<\/span><\/span>Prime\u00a0<\/span>Minister\u00a0<\/span><\/span>Modi\u00a0<\/span><\/span><\/a>said\u00a0<\/span><\/span>on\u00a0<\/span><\/span>Tuesday\u00a0<\/span><\/span>when\u00a0<\/span><\/span>kicking\u00a0<\/span><\/span>off\u00a0<\/span><\/span>the\u00a0<\/span><\/span>three-day\u00a0<\/span><\/span>Global\u00a0<\/span><\/span>Maritime\u00a0<\/span><\/span>India\u00a0<\/span><\/span>Summit\u00a0<\/span><\/span>in\u00a0<\/span><\/span>the\u00a0<\/span>nation’s\u00a0<\/span><\/span>capital.<\/span><\/span><\/span> <\/span><\/span><\/span>While\u00a0<\/span><\/span>the\u00a0<\/span>rest\u00a0<\/span><\/span>of\u00a0<\/span><\/span>the\u00a0<\/span>globe\u00a0<\/span><\/span>is\u00a0<\/span>experiencing\u00a0<\/span><\/span>an\u00a0<\/span>economic\u00a0<\/span>crisis,\u00a0<\/span><\/span>the\u00a0<\/span>Indian\u00a0<\/span>economy\u00a0<\/span><\/span>is\u00a0<\/span>becoming\u00a0<\/span><\/span>stronger.<\/span><\/span><\/span> <\/span><\/span><\/span>India\u00a0<\/span><\/span>will\u00a0<\/span>soon\u00a0<\/span>rank\u00a0<\/span><\/span>among\u00a0<\/span><\/span>the\u00a0<\/span>top\u00a0<\/span><\/span>three\u00a0<\/span><\/span>economic\u00a0<\/span>powers\u00a0<\/span><\/span>in\u00a0<\/span><\/span>the\u00a0<\/span>world,\u00a0<\/span><\/span>and\u00a0<\/span>that\u00a0<\/span><\/span>day\u00a0<\/span><\/span>is\u00a0<\/span>not\u00a0<\/span><\/span>far\u00a0<\/span>off.<\/span><\/span><\/span><\/span><\/span><\/span>The\u00a0<\/span>prime\u00a0<\/span>minister\u00a0<\/span><\/span>of\u00a0<\/span><\/span>the\u00a0<\/span>nation\u00a0<\/span><\/span>emphasised\u00a0<\/span><\/span>the\u00a0<\/span>significance\u00a0<\/span><\/span>of\u00a0<\/span><\/span>the\u00a0<\/span>marine\u00a0<\/span>industry,\u00a0<\/span><\/span>saying,\u00a0<\/span><\/span>“History\u00a0<\/span><\/span>gives\u00a0<\/span><\/span>witness\u00a0<\/span><\/span>that\u00a0<\/span><\/span>whenever\u00a0<\/span><\/span>India’s\u00a0<\/span><\/span>maritime\u00a0<\/span><\/span>capabilities\u00a0<\/span><\/span>has\u00a0<\/span>been\u00a0<\/span><\/span>strong,\u00a0<\/span><\/span>the\u00a0<\/span>country\u00a0<\/span>and\u00a0<\/span><\/span>the\u00a0<\/span>globe\u00a0<\/span><\/span>have\u00a0<\/span><\/span>tremendously\u00a0<\/span><\/span>benefited\u00a0<\/span><\/span>from\u00a0<\/span><\/span>it.<\/span><\/span><\/span> <\/span><\/span><\/span>Using\u00a0<\/span><\/span>this\u00a0<\/span><\/span>as\u00a0<\/span><\/span>our\u00a0<\/span><\/span>guiding\u00a0<\/span><\/span>concept,\u00a0<\/span><\/span>we\u00a0<\/span><\/span>have\u00a0<\/span>been\u00a0<\/span><\/span>working\u00a0<\/span><\/span>strategically\u00a0<\/span><\/span>to\u00a0<\/span>strengthen\u00a0<\/span><\/span>this\u00a0<\/span>industry\u00a0<\/span><\/span>for\u00a0<\/span><\/span>the\u00a0<\/span>past\u00a0<\/span><\/span>nine\u00a0<\/span>years.<\/span><\/span><\/span> <\/span><\/span><\/span>PM\u00a0<\/span>Modi\u00a0<\/span><\/span>continued\u00a0<\/span><\/span>by\u00a0<\/span>saying\u00a0<\/span><\/span>that\u00a0<\/span><\/span>the\u00a0<\/span>implementation\u00a0<\/span><\/span>of\u00a0<\/span>the\u00a0<\/span><\/span>India-Middle\u00a0<\/span><\/span>East-Europe\u00a0<\/span><\/span>Economic\u00a0<\/span><\/span>Corridor\u00a0<\/span><\/span>will\u00a0<\/span>have\u00a0<\/span><\/span>a\u00a0<\/span>huge\u00a0<\/span>positive\u00a0<\/span>impact\u00a0<\/span><\/span>on\u00a0<\/span><\/span>the\u00a0<\/span>maritime\u00a0<\/span>industry.<\/span><\/span><\/span> <\/span><\/span><\/span>“Recently,\u00a0<\/span><\/span>a\u00a0<\/span>historic\u00a0<\/span>agreement\u00a0<\/span><\/span>on\u00a0<\/span><\/span>the\u00a0<\/span>creation\u00a0<\/span><\/span>of\u00a0<\/span>an\u00a0<\/span><\/span>India-Middle\u00a0<\/span><\/span>East-Europe\u00a0<\/span><\/span>Economic\u00a0<\/span><\/span>Corridor\u00a0<\/span><\/span>was\u00a0<\/span>struck\u00a0<\/span><\/span>during\u00a0<\/span><\/span>the\u00a0<\/span>G20\u00a0<\/span>Summit.<\/span><\/span><\/span> <\/span><\/span><\/span>This\u00a0<\/span>is\u00a0<\/span><\/span>a\u00a0<\/span>significant\u00a0<\/span>measure\u00a0<\/span><\/span>taken\u00a0<\/span><\/span>at\u00a0<\/span><\/span>India’s\u00a0<\/span>initiative\u00a0<\/span><\/span>that\u00a0<\/span>may\u00a0<\/span><\/span>revitalise\u00a0<\/span><\/span>the\u00a0<\/span>maritime\u00a0<\/span>sector\u00a0<\/span><\/span>globally\u00a0<\/span><\/span>in\u00a0<\/span><\/span>the\u00a0<\/span>twenty-first\u00a0<\/span>century,\u00a0<\/span><\/span>according\u00a0<\/span>to\u00a0<\/span><\/span>PM\u00a0<\/span>Modi.<\/span><\/span><\/span><\/span><\/span><\/span>He\u00a0<\/span><\/span>also\u00a0<\/span>laid\u00a0<\/span><\/span>the\u00a0<\/span>cornerstone\u00a0<\/span><\/span>for\u00a0<\/span><\/span>18\u00a0<\/span>billion\u00a0<\/span><\/span>rupee\u00a0<\/span><\/span>projects.<\/span><\/span><\/span> <\/span><\/span><\/span>He\u00a0<\/span><\/span>lay\u00a0<\/span><\/span>the\u00a0<\/span>cornerstone\u00a0<\/span><\/span>for\u00a0<\/span>the\u00a0<\/span><\/span>Tuna\u00a0<\/span><\/span>Tekra\u00a0<\/span><\/span>all-weather\u00a0<\/span><\/span>deep\u00a0<\/span><\/span>draught\u00a0<\/span><\/span>terminal,\u00a0<\/span><\/span>which\u00a0<\/span><\/span>would\u00a0<\/span>be\u00a0<\/span><\/span>built\u00a0<\/span><\/span>at\u00a0<\/span><\/span>Deendayal\u00a0<\/span><\/span>Port\u00a0<\/span>Authority\u00a0<\/span><\/span>in\u00a0<\/span><\/span>Gujarat\u00a0<\/span><\/span>for\u00a0<\/span><\/span>more\u00a0<\/span>than\u00a0<\/span><\/span>Rs.\u00a0<\/span><\/span>4,500\u00a0<\/span><\/span>crore.<\/span><\/span><\/span> <\/span><\/span><\/span>A\u00a0<\/span>public-private\u00a0<\/span>partnership\u00a0<\/span>(PPP)\u00a0<\/span><\/span>strategy\u00a0<\/span><\/span>will\u00a0<\/span>be\u00a0<\/span><\/span>used\u00a0<\/span><\/span>to\u00a0<\/span>create\u00a0<\/span>the\u00a0<\/span><\/span>cutting-edge\u00a0<\/span><\/span>greenfield\u00a0<\/span><\/span>terminal.<\/span><\/span><\/span> <\/span><\/span><\/span>The\u00a0<\/span><\/span>“Amrit\u00a0<\/span><\/span>Kaal\u00a0<\/span><\/span>Vision\u00a0<\/span><\/span>2047″\u00a0<\/span><\/span>for\u00a0<\/span>the\u00a0<\/span><\/span>Indian\u00a0<\/span><\/span>maritime\u00a0<\/span><\/span>blue\u00a0<\/span>economy\u00a0<\/span><\/span>was\u00a0<\/span>also\u00a0<\/span><\/span>unveiled\u00a0<\/span><\/span>by\u00a0<\/span><\/span>him.<\/span><\/span><\/span> <\/span><\/span><\/span>The\u00a0<\/span>summit\u00a0<\/span><\/span>is\u00a0<\/span><\/span>the\u00a0<\/span>largest\u00a0<\/span><\/span>maritime\u00a0<\/span><\/span>event\u00a0<\/span><\/span>that\u00a0<\/span><\/span>the\u00a0<\/span>nation\u00a0<\/span><\/span>has\u00a0<\/span>ever\u00a0<\/span><\/span>held.<\/span><\/span><\/span> <\/span><\/span><\/span>The\u00a0<\/span><\/span>inaugural\u00a0<\/span><\/span>Maritime\u00a0<\/span><\/span>India\u00a0<\/span><\/span>conference\u00a0<\/span><\/span>took\u00a0<\/span><\/span>place\u00a0<\/span>in\u00a0<\/span><\/span>Mumbai\u00a0<\/span><\/span>in\u00a0<\/span><\/span>2016,\u00a0<\/span><\/span>and\u00a0<\/span><\/span>the\u00a0<\/span>second\u00a0<\/span><\/span>one\u00a0<\/span><\/span>took\u00a0<\/span><\/span>place\u00a0<\/span><\/span>essentially\u00a0<\/span><\/span>in\u00a0<\/span><\/span>2021.<\/span><\/span><\/span> <\/span><\/span><\/span>The\u00a0<\/span>third\u00a0<\/span><\/span>summit\u00a0<\/span><\/span>will\u00a0<\/span>take\u00a0<\/span><\/span>place\u00a0<\/span><\/span>at\u00a0<\/span>the\u00a0<\/span><\/span>MMRDA\u00a0<\/span><\/span>Grounds\u00a0<\/span><\/span>in\u00a0<\/span><\/span>Mumbai\u00a0<\/span><\/span>from\u00a0<\/span><\/span>October\u00a0<\/span>17\u00a0<\/span><\/span>to\u00a0<\/span><\/span>October\u00a0<\/span>19.<\/span><\/span><\/span> <\/span><\/span><\/span>the\u00a0<\/span>future\u00a0<\/span><\/span>of\u00a0<\/span><\/span>ports,\u00a0<\/span><\/span>decarbonization,\u00a0<\/span><\/span>coastal\u00a0<\/span><\/span>shipping,\u00a0<\/span><\/span>inland\u00a0<\/span><\/span>water\u00a0<\/span>transportation,\u00a0<\/span><\/span>shipbuilding,\u00a0<\/span><\/span>repair,\u00a0<\/span><\/span>and\u00a0<\/span><\/span>recycling,\u00a0<\/span><\/span>finance,\u00a0<\/span>insurance,\u00a0<\/span><\/span>and\u00a0<\/span><\/span>arbitration,\u00a0<\/span><\/span>maritime\u00a0<\/span><\/span>clusters,\u00a0<\/span><\/span>innovation\u00a0<\/span><\/span>&\u00a0<\/span><\/span>technology,\u00a0<\/span><\/span>maritime\u00a0<\/span>safety\u00a0<\/span><\/span>&\u00a0<\/span><\/span>security,\u00a0<\/span><\/span>and\u00a0<\/span><\/span>maritime\u00a0<\/span><\/span>tourism,\u00a0<\/span><\/span>among\u00a0<\/span><\/span>other\u00a0<\/span>topics,\u00a0<\/span><\/span>will\u00a0<\/span>all\u00a0<\/span>be\u00a0<\/span>covered\u00a0<\/span><\/span>during\u00a0<\/span>the\u00a0<\/span><\/span>three-day\u00a0<\/span><\/span>summit.<\/span><\/span><\/span> <\/span><\/span><\/span>The\u00a0<\/span>meeting\u00a0<\/span><\/span>will\u00a0<\/span>serve\u00a0<\/span><\/span>as\u00a0<\/span><\/span>a\u00a0<\/span>forum\u00a0<\/span><\/span>for\u00a0<\/span><\/span>luring\u00a0<\/span><\/span>investment\u00a0<\/span><\/span>into\u00a0<\/span><\/span>the\u00a0<\/span>nation’s\u00a0<\/span><\/span>maritime\u00a0<\/span>industry.<\/span><\/span><\/span> <\/span><\/span><\/span><\/p>\n

\""Day
“Day not far when India will be among top 3 economies”: PM Modi<\/figcaption><\/figure>\n

 <\/p>\n","protected":false},"excerpt":{"rendered":"

MUMBAI: The\u00a0world\u00a0is\u00a0looking\u00a0to\u00a0India\u00a0in\u00a0the\u00a0hope\u00a0that\u00a0it\u00a0will\u00a0lead\u00a0the\u00a0efforts\u00a0for\u00a0a\u00a0new\u00a0world\u00a0order,\u00a0Prime\u00a0Minister\u00a0Narendra\u00a0Modi\u00a0said\u00a0on\u00a0Tuesday,\u00a0adding\u00a0that\u00a0the\u00a0day\u00a0when\u00a0India\u00a0will\u00a0be\u00a0among\u00a0the\u00a0top\u00a0three\u00a0global\u00a0economies\u00a0is\u00a0not\u00a0far\u00a0off. “In\u00a0this\u00a0changing\u00a0world\u00a0order,\u00a0the\u00a0whole\u00a0world\u00a0is\u00a0looking\u00a0towards\u00a0India\u00a0with\u00a0new\u00a0aspirations,”\u00a0Prime\u00a0Minister\u00a0Modi\u00a0said\u00a0on\u00a0Tuesday\u00a0when\u00a0kicking\u00a0off\u00a0the\u00a0three-day\u00a0Global\u00a0Maritime\u00a0India\u00a0Summit\u00a0in\u00a0the\u00a0nation’s\u00a0capital. While\u00a0the\u00a0rest\u00a0of\u00a0the\u00a0globe\u00a0is\u00a0experiencing\u00a0an\u00a0economic\u00a0crisis,\u00a0the\u00a0Indian\u00a0economy\u00a0is\u00a0becoming\u00a0stronger. India\u00a0will\u00a0soon\u00a0rank\u00a0among\u00a0the\u00a0top\u00a0three\u00a0economic\u00a0powers\u00a0in\u00a0the\u00a0world,\u00a0and\u00a0that\u00a0day\u00a0is\u00a0not\u00a0far\u00a0off.The\u00a0prime\u00a0minister\u00a0of\u00a0the\u00a0nation\u00a0emphasised\u00a0the\u00a0significance\u00a0of\u00a0the\u00a0marine\u00a0industry,\u00a0saying,\u00a0“History\u00a0gives\u00a0witness\u00a0that\u00a0whenever\u00a0India’s\u00a0maritime\u00a0capabilities\u00a0has\u00a0been\u00a0strong,\u00a0the\u00a0country\u00a0and\u00a0the\u00a0globe\u00a0have\u00a0tremendously\u00a0benefited\u00a0from\u00a0it. Using\u00a0this\u00a0as\u00a0our\u00a0guiding\u00a0concept,\u00a0we\u00a0have\u00a0been\u00a0working\u00a0strategically\u00a0to\u00a0strengthen\u00a0this\u00a0industry\u00a0for\u00a0the\u00a0past\u00a0nine\u00a0years. PM\u00a0Modi\u00a0continued\u00a0by\u00a0saying\u00a0that\u00a0the\u00a0implementation\u00a0of\u00a0the\u00a0India-Middle\u00a0East-Europe\u00a0Economic\u00a0Corridor\u00a0will\u00a0have\u00a0a\u00a0huge\u00a0positive\u00a0impact\u00a0on\u00a0the\u00a0maritime\u00a0industry. “Recently,\u00a0a\u00a0historic\u00a0agreement\u00a0on\u00a0the\u00a0creation\u00a0of\u00a0an\u00a0India-Middle\u00a0East-Europe\u00a0Economic\u00a0Corridor\u00a0was\u00a0struck\u00a0during\u00a0the\u00a0G20\u00a0Summit. This\u00a0is\u00a0a\u00a0significant\u00a0measure\u00a0taken\u00a0at\u00a0India’s\u00a0initiative\u00a0that\u00a0may\u00a0revitalise\u00a0the\u00a0maritime\u00a0sector\u00a0globally\u00a0in\u00a0the\u00a0twenty-first\u00a0century,\u00a0according\u00a0to\u00a0PM\u00a0Modi.He\u00a0also\u00a0laid\u00a0the\u00a0cornerstone\u00a0for\u00a018\u00a0billion\u00a0rupee\u00a0projects. He\u00a0lay\u00a0the\u00a0cornerstone\u00a0for\u00a0the\u00a0Tuna\u00a0Tekra\u00a0all-weather\u00a0deep\u00a0draught\u00a0terminal,\u00a0which\u00a0would\u00a0be\u00a0built\u00a0at\u00a0Deendayal\u00a0Port\u00a0Authority\u00a0in\u00a0Gujarat\u00a0for\u00a0more\u00a0than\u00a0Rs.\u00a04,500\u00a0crore. A\u00a0public-private\u00a0partnership\u00a0(PPP)\u00a0strategy\u00a0will\u00a0be\u00a0used\u00a0to\u00a0create\u00a0the\u00a0cutting-edge\u00a0greenfield\u00a0terminal. The\u00a0“Amrit\u00a0Kaal\u00a0Vision\u00a02047″\u00a0for\u00a0the\u00a0Indian\u00a0maritime\u00a0blue\u00a0economy\u00a0was\u00a0also\u00a0unveiled\u00a0by\u00a0him. The\u00a0summit\u00a0is\u00a0the\u00a0largest\u00a0maritime\u00a0event\u00a0that\u00a0the\u00a0nation\u00a0has\u00a0ever\u00a0held. The\u00a0inaugural\u00a0Maritime\u00a0India\u00a0conference\u00a0took\u00a0place\u00a0in\u00a0Mumbai\u00a0in\u00a02016,\u00a0and\u00a0the\u00a0second\u00a0one\u00a0took\u00a0place\u00a0essentially\u00a0in\u00a02021. The\u00a0third\u00a0summit\u00a0will\u00a0take\u00a0place\u00a0at\u00a0the\u00a0MMRDA\u00a0Grounds\u00a0in\u00a0Mumbai\u00a0from\u00a0October\u00a017\u00a0to\u00a0October\u00a019. the\u00a0future\u00a0of\u00a0ports,\u00a0decarbonization,\u00a0coastal\u00a0shipping,\u00a0inland\u00a0water\u00a0transportation,\u00a0shipbuilding,\u00a0repair,\u00a0and\u00a0recycling,\u00a0finance,\u00a0insurance,\u00a0and\u00a0arbitration,\u00a0maritime\u00a0clusters,\u00a0innovation\u00a0&\u00a0technology,\u00a0maritime\u00a0safety\u00a0&\u00a0security,\u00a0and\u00a0maritime\u00a0tourism,\u00a0among\u00a0other\u00a0topics,\u00a0will\u00a0all\u00a0be\u00a0covered\u00a0during\u00a0the\u00a0three-day\u00a0summit. 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