Maritime India Summit to be held virtually
The opening session of the summit will include ministerial level participation from Afghanistan, Russia, Uzbekistan, Iran, and Armenia, and will feature discussions on development of port infrastructure and boosting business through trade, promotion, and regional connectivity.
Plenary, special and various thematic and breakout sessions are planned, featuring international experts. There will be sessions which are planned to focus on each coastal state. Eight states and Union Territories—Maharashtra, Gujarat, Odisha, Andhra Pradesh, Karnataka, Tamil Nadu, Andaman & Nicobar and Lakshadweep━have already committed to partnering with the Summit this year. Around 696,000 participants have already registered for the virtual summit, Rajiv Jalota, Chairman, Mumbai Port Trust, announced. He said the objective of the summit is to “propel India to the forefront of the global maritime sector”.
Signing of MoUs with various entities has already started, Jalota pointed out: Mumbai Port Trust has signed MoUs worth Rs 7,400 crore so far.
It is expected that Rs 20,000 crore worth MoUs will be signed as part of this summit. Cochin Port Trust (CoPT), one of the major port trusts in India, will sign 9 MoUs of Rs 2,825 crore (as of today) at the summit, according to a statement from the Ministry. The MoUs are between Fertilisers and Chemicals Travancore Limited (FACT), Kottayam Port & ICD Services, IOCL, IGTPL, among others.
Some other highlights of the event are:
Speakers from 20 countries are expected to attend the summit and explore the potential business opportunities in Indian maritime sector.
The summit will host forums for interaction and collaboration with the Indian and international ports, shipping and maritime companies, investors, and other stakeholders. The summit will also include an exclusive CEOs’ forum with the Minister of State (in-charge) of Ports, Shipping and Waterways, Mansukh Mandaviya.
The MIS 2021 will celebrate Chabahar Day on 4 March. Chabahar is Iran's closest and best access point to the Indian Ocean. The Federation of Indian Chambers of Commerce and Industry has been engaged as industry partner and Ernst & Young has been engaged as knowledge partner of the summit.
A session showcasing, ‘Investment Opportunities in Maharashtra’ is planned for the opening day, 2 March.
Pecan Realty Completes Rs 1.5 Billion Transactions
Pecan Realty has recently completed four institutional transactions worth over Rs 1.5 billion over the past two years, strengthening its position as an execution-led real estate platform. The deals include resolution-led acquisitions, structured finance transactions and capital partnerships across its development portfolio.The transactions covered acquisitions through the National Company Law Tribunal process and helped provide repayment or exits to both private and public sector lenders. The company said the deals demonstrate its ability to resolve complex project situations, work with instit..
SNN Estates Expands North Bengaluru Housing Project
SNN Estates has announced an expansion of its SNN Estates Felicity residential project in North Bengaluru following strong buyer demand, with 75 per cent of the first-phase inventory sold within three days of launch.The developer will add 76 apartments in the new phase, taking the project's estimated revenue potential to around Rs 1,000 crore upon completion of Phase 2.Spread across 6.5 acres in Rachenahalli, near Manyata Tech Park, the project comprises 604 apartments in 1.5, 2, 2.5, 3 and 4 BHK configurations. The development includes a 50,000-sq-ft clubhouse with amenities such as sports co..
SCG Drives ASEAN Industrial Transformation Strategy
SCG is strengthening its focus on ASEAN as a key growth region by advancing industrial transformation, enhancing competitiveness and building resilient regional value chains. Thammasak Sethaudom, President and Chief Executive Officer, SCG, highlighted the need for industries to continuously develop capabilities, strengthen resilience and deepen regional cooperation to achieve sustainable long-term growth.SCG views ASEAN as an important growth engine alongside China, supported by favourable demographics, trade connectivity and investment flows. With ASEAN’s GDP projected to grow by around 4.7..
Latest Updates
