18 October 2023
Indian Prime Minister Narendra Modi inaugurated the third edition of the Global Maritime India Summit 2023 via video conferencing. The three-day-long summit is being held in Mumbai. The Prime Minister unveiled a long-term roadmap for the Indian Ocean Blue Economy.
He said the country is moving towards becoming a global cruise hub. The Indian PM laid the foundation of an All-Weather Deep Draft Terminal at the Deendayal Port in Gujarat to be built at a cost of more than 5 hundred and 40 million dollars.
Addressing the summit, Prime Minister Modi said that India's economy was continuously strengthening in a world buffeted by crises. Prime Minister Modi also said that the proposed India--West Asia--Europe economic corridor would change the landscape of regional and global trade.
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