Maritime India Summit to be held virtually

25 Feb 2021 Editorial Team

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.

The Union Ministry of Ports, Shipping and Waterways announced that it is organising Maritime India Summit 2021 (MIS 2021) virtually from 2 March to 4 March 2021, with the aim of promoting both international and domestic investment in the ports and maritime sector. Prime Minister Narendra Modi will inaugurate the summit on 2 March 2021 at 11 am over video conference. 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.

Infrastructure Transport

15 Sep 2025

Cabinet Approves Key Highway and Rail Projects in Bihar Region

The Union Cabinet on Wednesday approved the four-laning of the 84.2-km Mokama-Munger section of the Buxar-Bhagalpur high-speed corridor, a key industrial region in poll-bound Bihar. The Cabinet also sanctioned the doubling of the 177-km Bhagalpur-Dumka-Rampurhat railway line, which passes through Bihar, Jharkhand, and West Bengal, at a cost of Rs 31.7 billion.The Rs 44.5 billion highway project will be constructed under the hybrid annuity model, a variant of public-private partnership. The Mokama-Munger stretch was the only remaining two-lane section of the 363-km Buxar-Bhagalpur corridor. Fou..

Infrastructure Transport

15 Sep 2025

NGT Issues Notice on Bengaluru Twin Tunnel Project

The National Green Tribunal (NGT) on Wednesday issued notices in response to a petition filed by Bengaluru Praja Vedike and others, challenging the Bengaluru twin tunnel road project. Petitioners claim the project was “hastily announced” and bypassed mandatory environmental impact assessment procedures.Notices have been served to the Karnataka Government, Greater Bengaluru Authority, State Environment Impact Assessment Authority (SEIAA), Bengaluru Smart Infrastructure Ltd (B-SMILE), the Union Ministry of Environment, Forest and Climate Change, and project consultants.The 16.74-km twin-tube..

Real Estate

15 Sep 2025

India’s Residential Sales to Dip Slightly in FY26

Residential sales in India’s seven major cities are projected to decline by up to 3 per cent year-on-year in FY26 to 620–640 million square feet (msf), amid a moderation in sales velocity, according to ratings agency Icra.In FY25, sales stood at 643 msf, down 8 per cent YoY, following a sharp contraction in new launches and moderated demand in the affordable and mid-income segments. This slowdown came after the sector posted a robust compound annual growth rate of 26 per cent in area sales between FY22 and FY24.Icra noted: “Having seen a strong upcycle, the sector entered an equilibrium ..