Tuesday, 02 January 2024 12:17 GMT

India Maritime Week 2025 Showcases India's Maritime & Trade Potential To Global Investors


(MENAFN- KNN India) Mumbai, Oct 28 (KNN) The Ministry of Ports, Shipping and Waterways (MoPSW) is organising India Maritime Week 2025 (IMW 2025) from October 27 to 31 at the NESCO Grounds in Mumbai.

"India's maritime position, democratic stability, and naval capabilities are playing a bridge between the Indo-Pacific and the Global South, effectively accelerating development, security, and the environment,” Union Home Minister Amit Shah said during the event.

"This summit will brainstorm ideas to transform the Gateway of India into the Gateway of the World," he said, reported ANI.

Shah emphasised India's maritime strength and strategic location, inviting global investors to tap into the sector's vast potential.

He also highlighted that India's coastline is about 11,000 km with 13 coastal states and Union Territories, and maritime businesses contribute around 60 per cent to the country's GDP.

It draws investors and manufacturers from across the world, with nearly half of India's 800 million coastal residents driving its growth.

The 28 nations of the Indian Ocean region account for around 12 per cent of global exports, and through this Maritime Summit, we aim to unlock this immense potential for international collaboration, the Union Minister said.

(KNN Bureau)

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