57 Countries to participate in first Maritime Summit

The first Maritime summit to be held at India is going to witness the participation of 57 countries from the world.

Flash points

• The maiden Maritime summit is going to be organized in Mumbai, Maharashtra
• The summit is conducted by Union Ministry of Shipping in April,2016
• During the media launch of Maritime summit, Union minister of Shipping Nitin Gadkari told that 57 countries are likely to participate in the summit
• The two day Maritime summit is conducted by India and South Korea
• A wide array of investment opportunities and collaborations are expected both at the national and the international level at the event
• The main focus of summit is to give impetus to Make In India and blue economy
• The shipping ministry is targeting around 1.2 trillion in investment from the event
• With the investments from the Summit, Shipping sector is going to create 40 lakh (four million) direct and 60 lakh indirect jobs in various port sectors
• The government expects to sign around 109 business agreements covering port development, modernization, connectivity, shipbuilding, dredging, inland waterways and new port development

Key points

• Shipping secretary– Rajive Kumar