ABOUT MIS 2016
Maritime India Summit 2016 (MIS 2016) is a maiden flagship initiative of Ministry of Shipping, Government of India that will provide a unique global platform for investors to explore potential business opportunities in the Indian Maritime Sector. MIS 2016 is being organized from April 14-16, 2016 at Bombay Convention and Exhibition Centre, Goregaon, Mumbai, India. The summit will have a 2 day conference on April 14-15 and exhibition for 3 days from April 14-16, 2016.
The conference aims to foster interaction between stakeholders through B2B and G2B meetings; and will have special sessions on investment opportunities in Maritime Sector with focus on ship building, ship repair, ship recycling, dredger/barge manufacturing, setting up of new ports and capacity augmentation of existing ports, development of inland waterways for cargo and passenger transportation, coastal shipping, passenger ferry services, lighthouse and cruise tourism, island development and aquatic resources, maritime cluster development and other services related to Indian Maritime Sector. The conference will also highlight investment opportunities in the Indian Maritime States and Union Territories. Republic of Korea is the partner country for MIS 2016.Read More
WHY INVEST IN INDIA?
One of the fastest growing large economies in the World with GDP growth rate of 7.5% in 2015-16
4th most attractive FDI destination in the world as per UNCTAD
150+ projects in maritime sector offering immense investment opportunities
India has 12 Major Ports, administered by the Central Government, and around 200 notified Non-Major Ports, administered by the State Governments. In 2014-15, out of the 200 Non-Major Ports, 69 ports were reported to have handled cargo traffic.
New Port Development
India has 12 Major Ports, administered by the Central Government, and around 200 notified Non-Major Ports, administered by the State Governments. In 2014-15, out of the 200 Non-Major Ports, 69 ports were reported to have handled cargo traffic. The infrastructure sector, particularly the Maritime Sector, is expected to grow significantly with the increase in international and domestic trade volumes.
Connectivity is one of the critical enablers for ports as it is the end to end effectiveness of the logistics system that drives competitiveness for industry. With infusion of new technology and capacity building, the cumulative/ total capacity available at ports can match requirements.
Hinterland Connectivity & Multimodal Logistics
Port traffic within India is carried largely by railways and road transport, with pipelines carrying crude oil and petroleum products. Alternative modes such as inland waterways have remained largely underdeveloped. However, the Government is focussing more on development of inland water transport by developing 106 new national waterways.
India’s marine export-import trade has been growing at a rate of ~4.5% YoY and accounts for 95% of total EXIM trade volumes for India. India's main trade commodities are Crude and Petroleum products, Bulk commodities such as Coal, Iron Ore and Containerized cargo. The growth in expected to remain strong, with 5-10% CAGR for most commodities over the next 10 years.
India's economy has surged ahead in recent years. The pressures of a growing economy have naturally pushed its transport system to full capacity. The movement of bulk commodities is one of the major responsibilities of India's transportation system. Thermal coal alone accounts for around 61 percent of the freight volume on the Indian Railways and 24 percent of the seaport freight mix.
Ship Building, Ship Repair & Ship Recycling
India is among top 20 maritime countries with a total fleet strength of 1243 ships and Gross Registered Tonnage (GRT) of 10.44 million as of March 2015. The Indian Shipbuilding and Ship Repair industry primarily comprises firms that develop, build and repair - ships, underwater equipment and naval architectures for the shipping industry, fishing industry, naval defence and extraction of ocean resources.
Port Led Industrialization
India is richly endowed with natural maritime advantages, with a 7500 km coastline covering 13 states and Union Territories, a strategic location on key international trade routes, and 14,500 km of navigable and potentially navigable waterways. Maritime logistics is an important component of the Indian economy, accounting for 90 per cent of EXIM trade by volume and 72 per cent of EXIM trade by value. A total of about 1 billion tonnes of cargo is handled across 200+ ports.
Green Initiatives in Ports
The Ministry of Shipping is keen to promote the use of renewable sources of energy and is in the process of installing solar and wind based power systems at all the Major Ports across the country. The Plan aims to set up 135 MW of Solar Energy Capacity at eight Major Ports and 50 MW of Wind Energy Capacity at three Major Ports by 2020.
Cruise Shipping and Lighthouse Tourism
The Ministry of Shipping is working with the concerned Ministries (Ministry of Tourism, Ministry of Environment, etc.), State Governments and other relevant agencies towards development of various coastal and marine based tourism projects such as development of lighthouses, cruise shipping, inland waterway based tourism projects.
PARTNER COUNTRYREPUBLIC OF KOREA
Important logistics hub with the world's fourth largest container throughput (about 25 million TEU)
[Port of Busan: world's no.6 with 18.68 million TEU]
- Leading country in maritime-related technologies (e.g. 13 IMO type approvals, ballast water treatment, GICOMS, LTE-M based e-Navigation, etc.)
- Accounts for more than 30% of global shipbuilding market with 7 South Korean shipyards featuring in the world's top 10 shipyards in terms of capacity
[80+ shipbuilders & 1,000+ marine equipment firms]
- Strong association with universities and training institutions to develop skilled workforce for Maritime Sector