PM Modi Highlights India’s Maritime Vision at Sagarmanthan Dialogue

Team Finance Saathi

    20/Nov/2024

What's covered under the Article:

  1. PM Modi emphasises the link between national prosperity and maritime capabilities at Sagarmanthan.
  2. India’s port capacity has doubled in the last decade under the ‘Ports for Prosperity’ initiative.
  3. Indo-Pacific Oceans Initiative promotes a secure, rules-based maritime network for global cooperation.

Prime Minister Narendra Modi, speaking from his Camp Office in Nigeria, reiterated India’s commitment to strengthening maritime capabilities at the inaugural session of ‘Sagarmanthan, The Ocean's Dialogue’, held in New Delhi. Highlighting the pivotal role of oceans in global trade, security, and prosperity, he shed light on the transformative steps taken under his leadership to enhance India's maritime infrastructure and connectivity.

Transforming India's Ports: A Decade of Progress

Under the visionary themes of ‘Ports of Prosperity,’ ‘Ports for Progress,’ and ‘Ports for Productivity’, India has doubled its port capacity over the last ten years. This remarkable achievement reflects the government’s efforts to:

  • Improve port efficiency, reducing bottlenecks and delays in operations.
  • Minimise turnaround times to enhance global competitiveness.
  • Strengthen last-mile connectivity through expressways, railways, and riverine networks, ensuring seamless integration with inland trade systems.

The emphasis on these elements has not only transformed India’s coastline but also positioned the nation as a vital hub for global trade.

Celebrating India’s Maritime Heritage

PM Modi delved into India’s rich maritime history, referencing ancient port cities such as Lothal and Dholavira, which were once bustling centers of trade. He also highlighted the naval prowess of the Chola dynasty, which established maritime supremacy in Southeast Asia, and Chhatrapati Shivaji Maharaj, known for fortifying India's coastline with an indomitable fleet.

These historical milestones underscore India’s deep-rooted connection to the oceans and its legacy as a seafaring nation.

Oceans: A Shared Global Heritage

The Prime Minister stressed that oceans are not merely geographical expanses but a shared global heritage essential for economic growth and international trade. This perspective aligns with India’s focus on the Indian Ocean and the broader Indo-Pacific region, which serve as critical arteries for global commerce.

Indo-Pacific Oceans Initiative

At the core of India’s maritime strategy lies the Indo-Pacific Oceans Initiative (IPOI). PM Modi described this initiative as a framework for fostering cooperation among nations to ensure:

  • A free, open, and secure maritime network that facilitates international trade.
  • Protection of marine resources, viewed as crucial drivers of economic growth.
  • Support for a rules-based international order, promoting peace and stability in the region.

The IPOI embodies India’s vision of harnessing the potential of the Indo-Pacific while upholding the principles of trust, stability, and collaboration.

Maritime Security and Global Cooperation

Recognising the oceans’ strategic importance, PM Modi emphasised the need for collaborative efforts to maintain maritime security. He advocated for greater synergy among nations to tackle challenges such as piracy, illegal fishing, and environmental degradation, which threaten the blue economy.

A Rules-Based Maritime Order

India’s advocacy for a rules-based maritime order stems from its belief in fostering global cooperation. PM Modi called for nations to uphold international laws, ensuring that maritime domains remain free from conflict and conducive to peaceful trade.

The Way Forward: Transforming Dialogue into Action

The discussions at ‘Sagarmanthan, The Ocean’s Dialogue’ are expected to pave the way for actionable strategies that strengthen global maritime governance. These dialogues emphasize:

  • The importance of sustainable development in marine ecosystems.
  • Leveraging technology to enhance port infrastructure and maritime connectivity.
  • Fostering partnerships that drive inclusive economic growth.

Conclusion: A Vision for 2047

As India progresses toward becoming a developed nation by 2047, its focus on maritime security, trade, and heritage reflects a broader commitment to global peace and prosperity. PM Modi’s address at Sagarmanthan reinforces India’s leadership in shaping a secure and sustainable future for the world’s oceans.

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