 On behalf of Ministry of Ports, Shipping and waterways, we extend a very warm welcome to Honourable Prime Minister of India, Shri Narendra Modi ji. This joint endeavor of maritime exchange is being attended by the speakers from 23 countries of Asia, America and Europe to whom we extend a very hearty welcome. Namaskar. Taking the inspiration from the Honourable Prime Minister, Shri Narendra Modi ji, Atmanirbhar Bharat is the flight of India's aspiration from local to global. And on the other hand, India is setting new benchmarks in fostering global harmony and cooperation. So let's embark upon the promising journey of the Maritime India Summit 2021. May I now request the Honourable Union Minister of State, Independent Charge, Ministry of Ports, Shipping and waterways, Government of India, Shri Mansook Mandivya ji to kindly give welcome address. Good morning everyone. It is my glad honour to that welcome Honourable Prime Minister, Shri Narendra Modi ji to these inaugural sessions of second edition of Maritime India Summit. It is under his visionary and dynamic leadership that the maritime sector in India is propelled to the forefront and is truly paving the way for becoming a key pillar of transport, trade and commerce for India. It is my pleasure to welcome Shri Vijay Rupani ji, Honourable Prime Minister of Gujarat, Shri J. S. Jagmohan Reddy ji, Honourable Prime Minister of Andhra Pradesh and Shri Dharmendra Pradhan ji, Union Minister for Petroleum and Nature Gas and Steel. I also welcome Mr. Beni Engelbrecht, Minister of Transport, Denmark and Mr. Sultan Ahmad Bill Salyam, Group Chairman and CEO, DP World. I also welcome all the CEOs, speakers, government officials, industries, associations, delegates and friends in the media. This summit is an endeavour of the Ministry of Forts, Sipping and Waterways to connect with stakeholders and investors from around the world by showcasing investment opportunities in various sub-sectors and identify areas of mutual cooperation and technology sharing with countries. Major ports, PSUs and authorities of my ministry have signed more than 400 MOUs for investment and a compadreum of around 400 investable projects have also been identified. I am also glad to inform that the summit is one of the biggest virtual summits in the world, with the participation of more than 1.7 lakhs registered participants from more than 100 nations. In these three-day summits, we will have ministers from eight nations, 50-plus global CEOs and 160-plus speakers, which includes 115 international speakers from 24 nations. I am happy to inform you that Honourable Prime Minister is to launch Maritime India Vision 2030 today, which is prepared after one-year long extensive process. Fourteen specific subject groups were formed, comprising of senior government officials, CEOs and other stakeholders to study all global best practices and global branch marks. We have personally connected with 350-plus stakeholders through virtual roadshows, conference and conduct, more than 250 brainstorming sessions and identified several initiatives. Maritime India Vision 2030 is aiming to make the Indian maritime industries at par with top global branch marks in the next 10 years. A subsidy scheme has been announced in the Union budget 2021-22 for Indian shipping companies to encourage more merchant ships with Indian flags. These initiatives will enhance training and greater employment opportunity for Indian seafarers. India has enacted Recycling of Ship Act 2019 and acided to the Hong Kong International Convention. India aspires to graph at least 50% of the global ship recycling business. The capacity of recycling shipyards would be double from 4.5 million LDT by 2024. By engaging and investing in Chabhar, India has taken a bold step of negating the geographical constraint on India's immediate vast and is leading the regional cooperation and joint efforts to support landlocked Afghanistan and other CIS countries. A dedicated session on Chabhar is being organized on the 3 of MIS 2021 to discuss various aspects of the project development and the way forward. I would like to assure all stakeholders in the sectors and investors from across the globe that Government of India is all geared up for facilitating and grounding the investment in the maritime sector and to play our role in the vision of Atman-Irbar Bharat. Thank you, Jai Hind. Thank you, Honorable Sri Mansukh Mandviya Ji. Today we are deeply honored to be joined by the esteemed foreign dignitaries. May I now invite Mr. Benny Engelbreath, Honorable Minister of Transport, Tenmark to kindly offer his remarks. Thank you very much and a very good morning to everyone. Thank you for the invitation and a special thank you to Prime Minister Modi and Minutes of India. It is a great honor to be here today at this impressive virtual event. Tenmark and India have strengthened their bilateral relations in the recent years also concerned maritime affairs. And therefore I am very pleased to announce that Tenmark is joining the Maritime India Summit today as a partner country. This satisfies the value and importance of our relationship. The Danish government has set an ambitious goal to reduce our CO2 emissions with 70% by 2030 and to become climate neutral before the year 2050. This goal is guiding our effort at a national level as well as our international activities and bilateral relations and we have launched several initiatives. This includes the Energy Green Future Fund with a total capacity of 3.3 billion euros to develop innovative green solutions. I know that the esteemed Prime Minister Modi and the Indian Government is also de-corrected to the Green Agenda and in 2020 our two Prime Minister's degree on the Green Strategic Partnership between Tenmark and India. To me, the Green Strategic Partnership between Tenmark and India is a great example of our international collaboration and has also greatly improved the transformation of our two countries. And I look forward to further strengthening our bilateral ties and cooperation in the context of its important partnership. In the meantime, Tenmark is working closely together with the Ministry of Sports and Waterways on a number of important issues including interping, maritime digitalization, and climate safety. We are taking the touch paintings of animal species that are involved with our countries considering the urgent need to reduce greenhouse gas emissions projects. Global shipping capacity for two to fifty percent of the global student situations and collaboration at my call and at my trial is needed to achieve zero emission change in the context of untaxed. Tenmark also facilitated the launch of the getting to zero coalition initiative for de-coronization project. Tenmark is also moving from the street to the streets to line in aspects of green solutions to global markets as there is a huge potential for the further strengthening of the collaboration relations between Tenmark and India. Each companies have ambitious plans to accelerate the transition to cross-company digital chain within zero emissions with optimal ranges by 2050. I know that each companies are already working together with engine partners on supply merits of equipment and on-structure design and on-building projects. I'm suggesting that Tenmark's activities in key areas such as offshore wind and power-to-axe technology, where green energy is converted to adequate fuel for trucks, ships, and planes, can also be part of the green economy that India in the next year has come. That's another example of screen ferries. Last year in the year 2020, the E ferries in the Netherlands started operations at the ferries between Tenmark and Sweden so that they can combine diesel and battery power to reduce emissions. And this year, a new electric ferries will start operating between the United States and the United States. By combining Tenmark's expertise and experiences with the India's expertise and the international capability, we can develop global, productive, connected and innovative solutions and create great jobs at sustainable growth and reduced global emissions. I sincerely hope that many presentations and discussions will result in new partnerships and government initiatives that will help us elevate global competitiveness and green transformation of the maritime sector in our countries. I am happy to note that the Danish Maritime Authority and Danish Maritime Companies can stakeholder participating at the events to discuss maritime issues and to identify areas of cooperation. Again, thank you so much for inviting me to be a part of the opening of Maritime Agency. I look forward to continuing and further developing the cooperation between our nations. Thank you, sir. Today, on this historic occasion, we will witness launch of Maritime India Vision 2030, which envisages investment of over $40 billion with the potential to generate over $2 billion direct and indirect employment. We now request the honorable Prime Minister of India, Sri Narendra Modi, to kindly release the e-book Maritime India Vision 2030. The maritime sector facilitates over 95% of India's exit rate and is a key employment generator for the nation. Recognizing the pivotal importance of the sector, Ministry of Ports, Shipping and Waterways, under the ABLE guidance and leadership of honorable Prime Minister, Sri Narendra Modi, is embarked on a part-breaking journey named Maritime India Vision 2030 to reform and transform ports, shipping and waterways of India and energize them up as we sail towards Atmanarbar Bharat. The Maritime India Vision 2030 identifies five key areas to propel India's growth into the next decade. The government has planned several initiatives to create world-class port infrastructure, which will reduce logistics costs and benefit MSME and manufacturing sector in the country and drive realization of both, Atmanarbar Bharat and Make in India for the World. Government has identified 39 birds, which would be operated on PPP bases. Maritime India Vision plans to implement several digital initiatives, which will increase operational efficiency and benefit stakeholders across shipping, trade and logistics. A landmark reform was the passing of the Major Port Authorities Act 2021 aimed at giving impetus to operational efficiency for major ports. MIV 2030 will deliver tangible benefits to the logistics, manufacturing and agricultural stakeholders. Five key pillars of India's shipping reforms would not only pin India at the top of the global marine map, but also boost local manufacturing, recycling, tourism creating millions of job opportunities. The vision seeks to significantly increase Indian tonnage on Indian built and Indian flag vessels. Most Indian shipping breaking yards today are Hong Kong Convention compliant and the government is committed towards doubling the capacity and making India the number one destination for ship breaking globally. Cruise traffic in the country has risen five times driven by timely and visionary policy level interventions in the sector. Vision lays out multiple initiatives for India to be the preferred global destination for maritime education, research and training. The Maritime India Vision 2030 offers to take multiple steps in augmenting navigational capacity, seeking private partnership and all inclusive and sustainable development for freight passenger and tourism network for our national waterways. In addition to cargo, river cruise tourism will be provided support and impetus. The development of water aerodromes and the provision of seaplane service for the benefit of passengers and tourists is being jointly undertaken by Ministry of Civil Aviation and the Ministry of Ports, Shipping and Waterways of the Government of India. Vision 2030 also provides a roadmap for comprehensive development and promotion of urban water transport system across major urban centres which will provide a safe, low cost mode of transport for citizens. Maritime India Vision 2030 takes Indian maritime sector to world class levels, generating more than three lakh crores of investment, more than 20 lakh jobs and will provide an unparalleled platform for our port dependent MSME and local farmers to export their products by gaining access to national and international markets. Led by a visionary leader and followed by a nation, the vision is all set to lead us to an unprecedented phase of development and prosperity. Thank you Honourable Prime Minister Sir. We now request the Honourable Chief Minister of Andhra Pradesh, India, Shivayas Jagan Mohan Reddyji to kindly share his views with us. Esteemed Prime Minister of India Shri Narendra Modiji, Union Minister for Ports, Shipping and Waterways Shri Manshukh Mandaviya Ji, Shridhar Mahendra Pradhan Ji, Union Minister for Petroleum and Steel, Chief Minister of Gujarat Shri Vijay Rupani Ji, Minister of Transport, Denmark, Mr. Benny Engelbrecht, Group Chairman and CEO of DP World, Mr. Sultan Ahmad Bin Sulaim, Ji, Dignitaries from India and abroad, distinguished delegates, ladies and gentlemen. I am confident that India could achieve global significance in the world maritime landscape under the able and inspiring leadership of the Honourable Prime Minister Shri Narendra Modiji. India in general and the coastal states in particular have unlocked the true potential of the port economy as a driver for industrial growth. And I believe the Maritime India Summit 2021 will stand as a remarkable milestone in this illustrious journey. Today, 95% of India's trading by volume and 70% by value is through maritime transport. Indian ports handled approximately 1.2 billion metric tons of cargo traffic in the year 2019-20. And much required policy reforms like 100% FDI, Make in India, Sagar Mala and Bharat Mala have been introduced to ensure exponential growth in the sector. I am sure that Maritime India vision 2030 document would certainly stand as a testament to the government's commitment in this regard. So I believe that the importance of blue economy in a nation's growth story extends much beyond the maritime trade and the export import statistics. The true value of blue economy is unlocked only when all the allied sectors which are directly and indirectly dependent on the oceans such as aquaculture, maritime and coastal tourism, chemical and biotechnological exploration, shipbuilding and other port-related industries also mature enough to provide sustainable employment and growth opportunities. The draft of the first ever national fishing policy released by the government of India in September 2020 is an example of several such solid steps taken in this direction. Honourable Prime Minister, sir, drawing inspiration from your focused agenda to take India's maritime economy to the next level. Andhra Pradesh state government has taken up a lot of transformative steps to leverage its coastal line of 974 km, which is the second longest in India and the longest on the eastern coast of the country, sir. Today I am proud to say that Andhra Pradesh is ranked number one in the country in ease of doing business rankings 2020 released by the Ministry of Commerce and Industry, Government of India. See, one of the factors, sir, that contributed to this achievement is the state government's consistent efforts in developing port infrastructure, support ecosystem and encouraging port-led industrialisation. Andhra Pradesh has one major port in Vishakhapatnam, sir, five functional state ports and ten other notified state ports with world-class facilities that handle more than 170 million tonnes of cargo per annum, second only to Gujarat. Andhra Pradesh state shares 4% of the total Indian exports and we aim to reach 10% share by 2030, sir. In recent times, several industrial nodes have come up in the state with ports as the focal point for development to further unlock the potential offered by the long coastline of AP. The government of Andhra Pradesh has undertaken development of three greenfield ports at Ramayapatnam, Machliapatnam and Bhavanapadu on an innovative model that mitigates all risks associated with the greenfield port development, thereby making the port operation a risk-free proposition for the private sector. After the development of the port by the government, the operator of the port would be selected on a competitive bidding basis, ensuring maximum revenue realisation for the government and providing risk-free investment opportunity to the investor. These all-weather deep-drafted ports are all set to be operational by 2020-23, creating an additional capacity of at least 100 million tonnes of cargo per annum in the short term with the potential to grow leaps and bounds in the long term. In order to ensure that the ports operate at their fullest capacities, the state government has consciously taken steps to attract large investments in the sectors ranging from manufacturing, petrochemicals, food processing, pharmaceuticals, etc., which are port-dependent. The state government, with the support of the government of India, while promoting scaling by establishing an aqua university, has also undertaken the development of eight fishing harbours, establishment of testing labs and cold chain facilities to provide better ecosystem for the aqua culture, thereby increasing the share of aqua-related cargo from the ports. All such well-calibrated interventions are designed to promote port-based industries and develop new economic cities driven by the ports all along the coastline of Andhra Pradesh. Lastly, sir, I would like to extend my invitation to the representatives from various companies from India and abroad attending this summit through the government of India to invest in Andhra Pradesh. And I assure you, the best environment for your operations and the fullest support in making your endeavor a successful one. I would like to conclude my speech by once again congratulating the Honorable Prime Minister for his vision behind organizing the spectacular summit with such large number of luminaries from across the world, sharing their ideas and experiences, and thus having a progressive path for the future of Indian maritime economy. Thank you, sir. Thank you, Honorable Chief Minister Andhra Pradesh. Sagar Mandhan, the mercantile maritime domain awareness center MMDAG, is an information system for enhancing maritime safety, search and rescue capabilities, security and marine environment protection in Indian Ocean region. Working towards clean seas and coastline, MMDAG is also dedicated towards India's commitment to Swachh Bharat. May I request the Honorable Prime Minister, Shri Narendra Modiji, to kindly launch Sagar Mandhan Mercantile Maritime Domain Awareness Center MMDAG. Indian shipping is on the part of remarkable growth. Shipping has inherent challenges, requiring constant visual for ensuring safety and security of life at sea, environment protection and emergency response. An effective maritime domain awareness requires continuous flow of information of the vessel, wind speed, wave heights and bathymetric information. Vision of the Honorable Prime Minister Shri Narendra Modi for global safety, security and growth for all in the region, and using his 10-point agenda for disaster risk reduction, led to the setting up of the Mercantile Maritime Domain Awareness Center MMDAC called Sagar Mandhan. The center is a first-of-its-kind setup using satellite technology and imagery, radio technology, electronic navigational charts, meteorological and oceanic data, and information technology to generate maritime domain awareness for keeping our ships safe, secure and our marine environment clean. It envisages receiving digital information regarding oceanic data, surface weather information and identification and location information of ships to overlay on electronic navigational charts to provide complete maritime domain awareness. MMDAC consists of LRIT, which receives information about location of Indian ship anywhere in the world and foreign ships within 1,000 nautical miles of coastline. DGCOM Center, which coordinates the communication and response of emergencies, and Maritime Communication System, which establishes satellite and radio communication with ships. Sagar Mandhan will provide assistance to fishermen in case of distress, act on seafarers' needs 24x7, help exhumed trade by ensuring safe and timely movement of ships and cargo, and organize immediate help in case of emergencies to prevent pollution and loss of life. With Sri Lanka and Maldives already participating in the initiative, India is inviting maritime nations in the Indian Ocean to avail the facility to enhance maritime safety, security and environmental protection in the region. Thank you, sir. I now request the Honorable Chief Minister of Gujarat, Sri Vijay Rupani, to kindly speak on the occasion. Honorable Prime Minister, Sri Narendra Bhai Modi, Indian Minister of Port, Shipping and Waterways, Sri Mansupai, Mandavia, Union Minister, Sri Dharmendra Pradhanji, Chief Minister of Andhra Pradesh, Sri Jagmaon Reddyji, Minister of Transport, Denmark, Mr. Benny Engelbrecht, Group Chairman and CEO, DP, World Sultan, Ahmad Bin Suleyem, and experts from maritime and shipping and ports. I on behalf of Gujarat and its people, welcome you to the Maritime India 2021 Summit. The program has been organized with an objective to encourage investment and give the Indian maritime sector a collective form. It is the need of all to develop the maritime sector and connect it to the global economy for realizing the mission of Atmandirbar Bharat. I am confident that the entire maritime sector of India will reap benefits of this program and further propel. The vision of Atmandirbar Bharat is envisaged by the Honorable Prime Minister. The Union Government under Prime Minister Sri Narendra Bhai Modi has taken a number of initiatives to make the maritime sector globally competitive. The results of such initiatives are being realized through the second Maritime India Summit. This summit will not only benefit Gujarat but also benefit various states of India situated on coastal line. The success of such programs will not only promote development of maritime sector but also create a wave of prosperity for people living on the coastal line. India was named the golden bird in ancient history and our maritime sector contributed a lot to India's glory. Lothal in Gujarat is India's all day sport with a history as old as 5000 years. It is a fine example of the development of growth of maritime sector. Lothal, Goga, Baruj and Surat of Gujarat were leaders in sea and maritime trade years ago. Trade happens with countries like Sri Lanka, Java, Sumatra, Burma, Indonesia and Middle East. For spices, wood and many other precious products through this force. Gujarat is India's longest coastal line of 1600 kilometers. Honorable Prime Minister as the Chief Minister of Gujarat gave us a blueprint to revive and develop this naturally gifted coastal line through a port-led development. Today we are working in this direction to further leverage this geographical advantage. Development of our maritime sector will provide benefits to various port-led industries and those associated with maritime sector. I am happy to share with you all that Gujarat leads India in handling the maximum cargo. This has been made possible through our collective efforts to promote maritime sector. Gujarat contributes 40% to India's total capacity of cargo handling with 48 non-measure and one major port. Gujarat has become a global gateway of India for countries of Southeast Asia and states of Western India. This has also boosted the state's FDI through shipping and movements of goods and import export. Bhavnagar in Gujarat is on its way to become the world's first CNG terminal with an investment of Rs. 1900 crores. Along in Bhavnagar district contributes to 98% of ship recycling activity of the country. We plan to upgrade the capacity of along from 4.5 million LTT to 9 million LTT under the Sagarmala project. Implemented by the Union shipping ministry, Gujarat has six ongoing projects for the development of ports. I would also like to express my gratitude toward Sri Narendra Modiji for his contribution in taking the maritime sector of Gujarat to this height. As a result of visionary prime minister, Gujarat Maritime University was established to increase skill development in the maritime sector. It is a matter of pride for us that today this university has become world famous. Professional courses like LLM and MBA have started in this university. Gujarat Maritime University has a strategic partnership with STC International and Iran's University of Netherland and Copenhagen Business School of Denmark. With these efforts, Gujarat will soon emerge as a state providing skilled human resources in the maritime sector nationally and globally. Gujarat has been one of the leading states in the maritime sector. To improve is of doing business and to provide maritime services. At one place, there was a need to develop a maritime cluster in the state. I am very happy to share that Gujarat has fulfilled this need and now has set up a world-class maritime cluster. This maritime cluster will be fully operational in a few days. I am thankful to the Government of India for inviting me to this summit and providing me an opportunity to represent Gujarat. It is my pleasure to announce that Gujarat Maritime Board has received investment international of more than 80,000 crores. Together with the India Airport Trust, Gujarat has achieved investment intention of more than 1.50 lakhs crores in the maritime sector. I am here to assure that Gujarat is ready to cooperate with all the status. Together we have to make India once again Viswaguru and I am sure that we will definitely succeed in doing so. I believe that this summit will provide a new direction, a new vision to maritime sector. Through this summit, we shall take our maritime sector to the new heights of success. Thank you, Bharat Mata Ki Jai. Thank you, Honourable Chief Minister Gujarat. This historic Maritime India Summit with the record participation will unfold huge potential of investment opportunities, skilling and generating employment in the maritime sector. We now request the Honourable Prime Minister Srinarendra Modi ji to kindly inaugurate the Maritime Summit 2021 virtual conference and exhibition. Second edition of Maritime India Summit 2021, inaugurated by Honourable Prime Minister of India Srinarendra Modi. The Maritime India Summit will bring together dignitaries, business community and Indian diaspora to create a common platform to discuss, deliberate and create collaborations in the maritime sector and making Atmanirbhar Bharat. After the curtain raiser for the launch of the summit website, a series of interactions were held with ambassadors of eastern countries and western countries, resulting in an overwhelming response with registration of more than 150,000 visitors. The summit comprises of inaugural session, 13 business sessions with speakers from over 22 countries participating to focus on range of topics like developing world-class ports, shipbuilding, shiprepair and ship recycling, building port cities and maritime clusters, promoting cargo and passenger movement, seaplane storism, skilling in maritime sector, seafarers, latest trends in shipping, future post-pandemic, ease of doing business, coastal shipping, hinterland connectivity and multimodal logistics, green and sustainable maritime sector, bulk cargo transportation with focus on liquid cargo and maritime financing and insurance. Maritime states will showcase their strength at the summit by individual investment sessions. The ministers of the participating countries will come together to enhance bilateral cooperation. An exclusive CEO forum with top 50 CEOs across the globe will interact with the Honorable Minister of Ports, Shipping and Waterways Government of India. Exhibition with dedicated pavilions and booths showcasing the best and most innovative products and technologies, B2B and G2B meetings to foster interaction between stakeholders. Special session on Chabahar on March 4, 2021 to further enhance trade opportunities between INSTC countries. 427 MOUs have been signed with investors worth around US$35 billion by 17 ports, agencies and authorities. A list of 400 projects have been compiled for attracting investment of around US$31 billion across 11 sub-sectors. The summit will provide an excellent forum for exchange of ideas and networking during the three days. The finalization again proves his strong belief in the old Indian ethos of Sarve Bhavan Tussukinah, which means may all see goodness and auspiciousness. May I request the Honorable Prime Minister of India, Shri Narendra Modi, to kindly address the forum. My Minister and Colleagues, Shri Mansukh by Madhavya, Shri Dharmendra Pradhan, Chief Ministers of various States, Excellencies, Distinguished Guests, Dear Friends, I welcome you all to the Maritime India Summit 2021. That summit brings together many stakeholders relating to this sector. I am sure together we will achieve great success in boosting the maritime economy. Friends, India is a natural leader in this sector. Our nation has a rich maritime history. Civilizations flourish on our coasts. For thousands of years our ports have been important trading centers. Our coasts connected India to the world. Friends, through this Maritime India Summit, I want to invite the world to come to India and be a part of our growth trajectory. India is very sincere about growing in the maritime sector and emerging as a leading blue economy of the world. Our leading focus area includes upgrade current infrastructure, create next generation infrastructure, boost the reform journey. Through these steps, we aim to give strength to our vision of Atma Nirbhar Bharat. Friends, when I talk about upgrading current infrastructure, I give great importance to improving efficiency. Instead of a piecemeal approach, we focus on the entire sector as one and the results of these are visible. The capacity of major ports which watch around 870 million tons per annum in 2014 has increased to around 1550 million tons per annum now. This productivity gain not only helps our ports, but also boosts the overall economy by making our products more competitive. Indian ports now have major such edge, direct port delivery, direct port entry and upgraded port community system PCS for easy data flow. Our ports have reduced waiting time for inbound and outbound cargo. We are also investing heavily in development of storage facilities at the port and plug-and-play infrastructure for attracting industries to port land. The ports will promote waste-to-wealth through sustainable dredging and domestic rip-share cycling. We will encourage private investment in the port sector. Friends, along with efficiency, lot of work is also happening to boost connectivity. We are integrating our ports with coastal economic zones, port-based smart cities and industrial parks. This will anchor industrial investment and promote global manufacturing activity near ports. Friends, as far as creating new infrastructure goes, I am delighted to share that mega-ports built world-class infrastructure are being developed at Badawan, Paradeep and Dindal port in Kandala. Ours is a government that is investing in waterways in a way that was never seen before. Domestic waterways are found to be cost-effective and environment-friendly way of transporting freight. We aim to operationalize 23 waterways by 2030. We would do this through infrastructure enhancement, fairway development, navigation aids and river information system provisioning. The eastern waterways connectivity, transport grid for regional connectivity with Bangladesh, Nepal, Bhutan and Myanmar will be strengthened to effective regional trade cooperation. Friends, new maritime infrastructure is a great means to boost ease of living. RORO and ROPEX projects are also significant elements of our vision of harnessing our rivers. Water drums at 16 locations are being developed to enable sea plane operations. River cruise terminal infrastructure and JTs are being developed on five national waterways. Friends, we aim at domestic and international cruise terminal development at selected ports through infrastructure development and enhancement by 2023. India had as many as 189 lighthouses across this vast coastline. We have drawn up a program for developing tourism in the land next to 78 lighthouses. The key objective of this initiative is to enhance development of the existing lighthouses and surrounding areas into unique maritime tourism landmarks. Steps are also being taken to introduce urban water transport system in key states and cities such as Kochi, Mumbai, Gujarat and Goa. Friends, like all other sectors, we are ensuring that work relating to maritime does not happen in silos. We recently made the embit wider by renaming ministry of shipping and ministry of port, shipping and water basin. The ministry will strive for excellence in maritime shipping and navigation, education and training for the mercantile marine, ship building and ship repair industry, ship breakings, fishing vessels industry and floating crop industry. Friends, the ministry of port, shipping and water basin has created a list of 400 investable projects. These projects have an investment potential of 31 billion dollars or rupees 2.25 lakh crores. This will further strengthen our commitment of overall development of our maritime sector. Friends, the maritime India vision 2030 has been launched. It outlines the priorities of the government. The Sagar, Manthan, mercantile marine domain awareness center has also been launched today. It is an information system for enhancing maritime safety, search and rescue capabilities, security and marine environment protection. The Sagar Mala project for promoting port-led development was announced by the government in 2016. At part of the program, more than 574 projects at a cost of 82 billion US dollars or 6 lakh crores have been identified for implementation during 2015 to 2035. Friends, the government of India is also focusing on the domestic ship building and ship repair market. To encourage domestic ship building, we approve the ship building financial assistance policy for Indian shipyards. Ship repair clusters will be developed along both costs by 2022. Domestic ship recycling industry will also be promoted to create wealth from waste. India enacted recycling of ships at 2019 and agreed to the Hong Kong International Convention. Friends, we want to share our best practices with the world and we are open to learning from global best practices. Continuing with our focus on trade and economic linkage with the BIMSTEC and IOR nations, India plans to enhance investment in infrastructure and facilitate mutual agreements by 2026. Government of India has also initiated holistic development of island infrastructure and ecosystem. We are keen to promote the use of renewable sources of energy in the maritime sector. We are in the process of installing solar and wind-based power systems at all the major ports across the country. We aim to increase usage of renewable energy to more than 60% of total energy by 2030 in three phases across Indian ports. Friends, India's long coastline awaits you. India's hard-working people await you. Invest in our ports. Invest in our people. Let India be your preferred trade destination. Let India ports be your port of call for trade and commerce. My best wishes to the summit. May the discussions be extensive and productive. Thank you. Thank you very much. Thank you Prime Minister sir for your inspiring words. Thank you for gracing the occasion sir.