Maritime India Summit captivates the industry
Allcargo Logistics, India’s leading integrated logistics provider, participated in the Maritime India Summit (MIS), a maiden initiative launched by the Ministry of Shipping and Government of India. Narendra Modi, Prime Minister of India, inaugurated the first ever two day summit on April 14, 2016 at the Bombay Convention and Exhibition Centre, Mumbai. Shashi Kiran Shetty, founder & chairman, Allcargo Logistics, said: “It was a privilege to be a part of such a great initiative launched by the Government of India and the Shipping Ministry to boost investments and business in the shipping sector. The summit brought together industry tycoons and delegates from across the world which provided a great opportunity to partner and explore various business opportunities. The two day summit saw some important announcements which will help promote the Shipping and Logistics sector and it opened doors to various initiatives like transformation of ports, development of industrial clusters etc ultimately driving economic activity in coastal areas.” added Shetty. The summit attracted approximately 4500 delegates from across 41 countries including senior government officials and policy makers, CEOs of Indian and global Maritime industry and industry experts. The conference progressed with a series of discussions like the Sagarmala Project, the Hinterland connectivity, integrating infrastructure and the Make in India initiative. Apart from the delegate sessions the event also held a closed CEO Forum participated by most prominent faces in the logistics industry. Allcargo Logistics founder and chairman, Shashi Kiran Shetty and executive director Adarsh Hegde too were invited to share their insights about the sector. Prime minister Narendra Modi emphasised on creating over 10 million job opportunities in the Indian port sector whereas Minister of Shipping and Highways minister Nitin Gadkari spoke on port led development and planned investments of more than Rs 12 trillion in the ports and waterways sector from a long term perspective.
