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.
3i Infotech Reports Rs 7.25 Bn Revenue for FY25
3i Infotech, a leading provider of digital transformation, technology services and technology solutions, announced its consolidated financial results for the fourth quarter and full year FY25, ended on March 31st, 2025. The company maintained its growth momentum, displaying consistent progress for the 3rd consecutive quarter.In Q4 FY25, 3i Infotech reported revenue of Rs 1.87 billion, reflecting steady performance compared to Rs 1.81 billion in Q3 FY25 and Rs 1.97 billion in Q4 FY24. The company delivered strong profitability improvements, with gross margin growing by 14.8 per cent Q-o-Q and 1..
Emerald Finance Joins Baya PTE to Boost SME Bill Discounting
Emerald Finance is a dynamic company offering a spectrum of financial products and services including its flagship Earned Wage Access (EWA) in India, has entered into a strategic partnership with Singapore-based Baya PTE through its Indian subsidiary. This collaboration aims to strengthen bill discounting services for Small and Medium Enterprises (SMEs), enabling faster access to working capital and improved cash flow management.The initiative is designed to support SMEs that supply to large corporates such as JSW Steel, Delhivery, and PVR INOX, among others. By facilitating timely invoice dis..
BLS E-Services Crosses Rs 5 Bn Revenue Mark in FY25
BLS E-Services, a technology-enabled digital service provider, announced its audited consolidated financial results for the quarter and full year period ended 31 March 2025.Speaking about the performance and recent updates, Shikhar Aggarwal, Chairman, BLS E- Services said, “We are delighted to report a remarkable performance in FY25, as we achieved several milestones during the fiscal year. FY25 marked our highest-ever financial performance, as we surpassed Rs 5 billion milestone in Total Income during the year, which was reported at Rs 5.45 billion, a notable YoY growth of 76 per cent. The ..
Latest Updates
