India seeks FDI in port-projects
The Dollar Business Bureau Prime Minister Narendra Modi on Thursday insisted the global business communities to invest in India’s port-led developmental projects, which he said, would reinvigorate India’s importance in the global maritime sector. “I call upon the global business community to partner with us to give shape to our process of port-led development,” he said, addressing the inaugural edition of the Maritime India Summit, 2016 on Thursday. Referring to the Sagarmala programme, which is aimed at leveraging India’s long coastline and natural maritime advantages, energising the coastal economy and infrastructure development and promoting port-led development, the Prime Minister indicated these projects open up massive investment opportunities. “We particularly want to modernise our ports and integrate them with Special Economic Zones, port-based smart cities, ...
Projects worth Rs.1.2 cr to woo investors at Maritime India Summit
The Dollar Business Bureau In a move to enhance the existing potential of the Indian maritime industry, the Government of India aims to bring in more investment into the sector. And to achieve it, the Ministry of Shipping is gearing up for the upcoming Maritime India Summit 2016, where it intends to woo investors by presenting before them various shipping and port related projects. Speaking about the Summit, the Union Minister of Shpping, Nitin Gadkari said, “Projects in the ports and shipping sector, worth an investment of Rs.1,20,000 crore will be showcased before potential investors at the Maritime India Summit to be held in Mumbai from April 14-16, 2016.” The Minister said this in an address to the media on Thursday, ...
