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PM Modi addresses Maritime Leaders Conclave at India Maritime Week 2025 in Mumbai

Published By : Admin | October 29, 2025 | 16:08 IST
India's maritime sector is advancing with great speed and energy: PM
We have replaced over a century-old colonial shipping laws with modern, futuristic laws suited for the 21st century: PM
Today, India's ports are counted among the most efficient in the developing world; in many aspects, they are performing even better than those in the developed world: PM
India is accelerating efforts to reach new heights in shipbuilding, we have now granted large ships the status of infrastructure assets: PM
This is the right time to work and expand in India's shipping sector: PM
When the global seas are rough, the world looks for a steady lighthouse, India is well poised to play that role with strength and stability: PM
Amid global tensions, trade disruptions and shifting supply chains, India stands as a symbol of strategic autonomy, peace and inclusive growth: PM

Prime Minister Shri Narendra Modi addressed the Maritime Leaders Conclave and chaired the Global Maritime CEO Forum at India Maritime Week 2025 in Mumbai, Maharashtra today. Speaking on the occasion, Prime Minister welcomed all participants to the Global Maritime Leaders Conclave. He remarked that the event began in Mumbai in 2016 and expressed happiness that it has now evolved into a global summit. Shri Modi highlighted that participation from over 85 countries sends a strong message. He noted the presence of CEOs of major shipping giants, startups, policymakers, and innovators, all gathered at the event. He further acknowledged the attendance of representatives from small island nations and stated that their collective vision has significantly enhanced the synergy and energy of the summit.

Noting that several projects related to the shipping sector have been launched at the conclave, Shri Modi highlighted that Memorandums of Understanding worth lakhs of crores of rupees have also been signed in the shipping sector. The Prime Minister remarked that this reflects the global confidence in India’s maritime capabilities, adding that the presence of participants at the event stands as a symbol of their common commitment.

“In the 21st century, India’s maritime sector is advancing with great speed and energy”, emphasised the Prime Minister highlighting that the year 2025 has been particularly significant for the sector and shared key achievements. He remarked that Vizhinjam Port, India’s first deep-water international trans-shipment hub, is now operational, noting that the world’s largest container vessel recently arrived at the port, marking a proud moment for every Indian. Shri Modi further stated that in 2024–25, India’s major ports have handled the highest cargo volumes ever, setting a new record. He announced that for the first time, an Indian port has launched a megawatt-scale indigenous green hydrogen facility, an achievement credited to Kandla Port. He added that another major milestone has been achieved at JNPT, where Phase 2 of the Bharat Mumbai Container Terminal has commenced. “This has doubled the terminal’s handling capacity, making it India’s largest container port”, said the Prime Minister, emphasizing that this was made possible due to the largest FDI in India’s port infrastructure and expressed special gratitude to partners from Singapore for their contribution.

Prime Minister stated that this year, India has taken major steps towards next-generation reforms in the maritime sector. “The colonial shipping laws, over a century old, have been replaced with modern and futuristic legislation suited for the 21st century”, said the Prime Minister, remarking that these new laws empower State Maritime Boards, strengthen safety and sustainability, and expand digitization in port management.

Further noting that under the Merchant Shipping Act, Indian laws have been globally aligned with international conventions, Shri Modi said, this alignment has enhanced trust in safety standards, improved ease of doing business, and reduced government intervention. He expressed confidence that these efforts will further boost the confidence of stakeholders and investors.

Prime Minister stated that the Coastal Shipping Act has been designed to simplify trade and strengthen supply chain security. He emphasized that the Act ensures balanced development along India’s extensive coastline. Highlighting the One Nation, One Port Process, which will standardize port-related procedures and significantly reduce documentation requirements, Shri Modi remarked that these reforms in the shipping sector are a continuation of India’s decade-long reform journey. Reflecting on the past ten to eleven years, he noted that the transformation in India’s maritime sector has been historic. Under the Maritime India Vision, more than 150 new initiatives have been launched, resulting in nearly doubling the capacity of major ports, substantial reduction in turnaround time, and a new momentum in cruise tourism. The Prime Minister added that cargo movement on inland waterways has increased by over 700 percent, with the number of operational waterways rising from three to thirty-two. He further stated that the net annual surplus of Indian ports has increased ninefold over the past decade.

“India’s ports are now counted among the most efficient in the developing world, and in many cases, are outperforming ports in the developed world”, exclaimed the Prime Minister. He shared key performance statistics, noting that the average container dwell time in India has reduced to less than three days, which is better than several developed nations. He highlighted that the average vessel turnaround time has dropped from ninety-six hours to just forty-eight hours, making Indian ports more competitive and attractive for global shipping lines. Shri Modi added that India has shown significant improvement in the World Bank’s Logistics Performance Index. He further emphasized India’s growing strength in maritime human resources, stating that the number of Indian seafarers has increased from 1.25 lakh to over 3 lakh in the past decade. Today, India ranks among the top three countries globally in terms of seafarer numbers.

Remarking that a quarter of the 21st century has passed, and the next 25 years are even more critical, Shri Modi emphasized that India’s focus is on the Blue Economy and Sustainable Coastal Development. He highlighted the government’s strong emphasis on green logistics, port connectivity, and coastal industrial clusters.

“Shipbuilding is now among India’s top priorities”, underscored the Prime Minister. Recalling India’s historical prominence in shipbuilding, he noted that the country was once a major global center in this field. He pointed out that not far from the venue lie the Ajanta Caves, where a Sixth Century painting depicts the design of a three-masted ship. The Prime Minister remarked that this design, seen in ancient Indian art, was adopted by other countries centuries later.

Underlining that ships built in India were once a vital part of global trade, Shri Modi noted that India later advanced in the ship-breaking sector and is now accelerating efforts to reach new heights in ship-making. He mentioned that India has granted infrastructure asset status to large ships, a policy decision that will open new avenues for all shipbuilders present at the event. He highlighted that this will provide new financing options, reduce interest costs, and ease access to credit. To propel this reform, the Prime Minister declared that the government will invest nearly ₹70,000 crore. This investment will enhance domestic capacity, promote long-term financing, support the development of greenfield and brownfield shipyards, build advanced maritime skills, and generate millions of jobs for youth. He added that this initiative will also unlock new investment opportunities for all stakeholders.

Prime Minister remarked that the land hosting the conclave is the land of Chhatrapati Shivaji Maharaj, who not only laid the foundation of maritime security but also asserted Indian strength across the trade routes of the Arabian Sea. He highlighted Shivaji Maharaj’s vision that the seas are not boundaries but gateways to opportunity, and stated that India is moving forward with the same thinking.

Emphasising India’s commitment to strengthening global supply chain resilience and noting that the country is actively building world-class mega ports, Shri Modi announced that a new port is being constructed in Vadhavan, Maharashtra at a cost of ₹76,000 crore. He added that India is working to quadruple the capacity of its major ports and increase its share in containerized cargo. The Prime Minister affirmed that all stakeholders present are key partners in achieving these goals and welcomed their ideas, innovations, and investments. He reiterated that India permits 100 percent FDI in ports and shipping, and that public-private partnerships are rapidly expanding. Under the “Make In India, Make For The World” vision, incentives are being provided, and states are being encouraged to attract investments. He urged investors from various countries to seize this moment to engage and expand in India’s shipping sector, stating that this is the right time.

Underlining India’s vibrant democracy and reliability as a defining strength, the Prime Minister remarked, “when the global seas are rough, the world looks for a steady lighthouse, India is well poised to play that role with strength and stability”. Amid global tensions, trade disruptions, and shifting supply chains, Shri Modi stated that India stands as a symbol of strategic autonomy, peace, and inclusive growth. He emphasized that India’s maritime and trade initiatives are integral to this broader vision. Citing the India–Middle East–Europe Economic Corridor as an example, he noted that it will redefine trade routes and promote clean energy and smart logistics.

Emphasising India’s focus on inclusive maritime development, the Prime Minister stated that this goal can only be achieved by empowering Small Island Developing States and Least Developed Countries through technology, training, and infrastructure. He highlighted the need for collective action to address climate change, supply chain disruptions, economic uncertainty, and maritime security. Shri Modi called upon all participants to move together towards peace, progress, and prosperity, and to build a sustainable future. Concluding his address, the Prime Minister extended his warm greetings and appreciation to all attendees for being part of the summit.

The Governor of Maharashtra, Shri Acharya Devvrat, Chief Minister of Maharashtra, Shri Devendra Fadnavis, Union Ministers, Shri Sarbananda Sonowal, Shri Shantanu Thakur & Shri Kirti Vardhan Singh were present among other dignitaries at the event.

Background

The Global Maritime CEO Forum, the flagship event of India Maritime Week 2025, will bring together CEOs of global maritime companies, major investors, policy-makers, innovators, and international partners to deliberate on the future of the global maritime ecosystem. The Forum will serve as a key platform for dialogue on sustainable maritime growth, resilient supply chains, green shipping, and inclusive blue economy strategies.

The Prime Minister’s participation reflects his deep commitment to an ambitious, future-oriented maritime transformation, aligned with the Maritime Amrit Kaal Vision 2047. This long-term vision, built on four strategic pillars — port-led development, shipping and shipbuilding, seamless logistics, and maritime skill-building — aims to position India among the world’s leading maritime powers. India Maritime Week 2025 serves as the Government of India’s premier global platform to translate this vision into action, bringing together leading stakeholders across shipping, ports, shipbuilding, cruise tourism, and blue economy finance.

Being organised from 27th to 31st October 2025, under the theme “Uniting Oceans, One Maritime Vision”, IMW 2025 will showcase India’s strategic roadmap to emerge as a global maritime hub and a leader in the Blue Economy. IMW 2025 will draw participation from over 85 countries, featuring more than 1,00,000 delegates, 500+ exhibitors and 350+ international speakers.

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India-Italy Joint Declaration
May 20, 2026

At the invitation of the President of the Council of Ministers of the Italian Republic, Giorgia Meloni, the Prime Minister of India, Shri Narendra Modi, paid an official visit to Italy on 19-20 May 2026. The visit, following Prime Minister Modi’s visit to Italy in June 2024 for the G7 Summit and Prime Minister Meloni’s visit to India for the G20 Summit in 2023, provided renewed momentum to the bilateral ties. The two leaders decided to elevate India-Italy relations to the level of a Special Strategic Partnership.

Political Dialogue

The two Prime Ministers welcomed the strong momentum of high-level exchanges and agreed to hold annual meetings of leaders including on the sidelines of multilateral events, as well as regular Ministerial and institutional-level meetings.

They appreciated the concrete progress achieved across the diverse pillars of the Joint Strategic Action Plan 2025-2029 adopted by the two leaders in their meeting during the G20 Summit held in Rio de Janeiro in November 2024. They agreed to establish Foreign Ministers-led mechanism to review the India-Italy Joint Strategic Action Plan 2025-29 and provide strategic guidance to India-Italy Special Strategic Partnership.

Economic Cooperation and Investments

Both leaders expressed satisfaction at the growing dynamism of bilateral economic and industrial cooperation, with three high level business fora held since the last year. Building on the opportunities arising from India’s rapid and consistent economic growth and the successful conclusion of the negotiations for the EU–India Free Trade Agreement, they reaffirmed the shared objective of expanding bilateral trade in both direction with aim to reach to € 20 billion by 2029.

They welcomed the increase of bilateral investments in key sectors and encouraged the respective industries to forge industrial and technology partnerships in order to build resilient supply chains. They welcomed the prospect of greater investments, particularly in textiles, clean technologies, semiconductors, automotive, energy, tourism, pharmaceuticals and medical technologies, digital technologies, critical raw materials, steel, ports and infrastructure. They encouraged industries to utilize the policy incentives and schemes in place in both countries which seek to enhance business linkages and production facilities.

Both Prime Ministers agreed to encourage dialogue and cooperation among stock exchanges, investment funds, venture capital, banks, insurance companies and financial institutions.

They agreed to facilitate industrial partnerships, including between SMEs, to foster deeper integration of supply chains. They encouraged new sectoral missions in the coming months in priority areas of mutual interest.

The two Prime Ministers welcomed the signing of the Memorandum of Understanding for cooperation in Critical Minerals. They agreed to further strengthen and expand bilateral cooperation in field of critical minerals by establishing a structured framework for collaboration, with particular emphasis on sustainability and resilient supply chains. They underscored the importance of promoting joint efforts in recovery of critical minerals from unconventional sources, including electronic waste and mine tailings, as an integral component of circular economy initiatives. They also expressed satisfaction on signing of the Memorandum of Understanding for cooperation in the field of agriculture and agricultural research between respective ministries and institutions.

Connectivity

The two Prime Ministers reaffirmed their commitment to cooperate on the India-Middle East-Europe Economic Corridor (IMEC), recognising its transformational potential in reshaping and promoting global trade, connectivity and prosperity. Appreciating the preliminary discussions around the project, they encouraged the first IMEC Ministerial meeting to take concrete steps for advancing this initiative in 2026.

They welcomed the signing of an MoU on maritime transport and ports and directed their respective ministries/departments to establish a joint working group to implement the MoU at the earliest.

Science, Technology, Innovation, Start-ups and Artificial Intelligence

The two Prime Ministers reaffirmed that innovation, science and technology are core drivers of the India-Italy partnership.

They announced the creation of INNOVIT India, an innovation hub located in India aimed at strengthening cooperation between the respective innovation ecosystems, support startup acceleration programs, market access and business matching, joint research, university collaboration, and talent mobility in sectors including fintech, healthcare, semiconductors, logistics and supply chains, agritech, energy, quantum computing, and artificial intelligence. Both leaders welcomed the inaugural Science and Innovation Dialogue between Indian and Italian universities and research centres held in Delhi in April 2025 and look forward to holding its next edition in Italy later this year.

Both leaders underlined the importance of an open, free, secure, stable, accessible and peaceful ICT environment, which is an enabler for innovation and economic growth. PM Modi thanked PM Meloni for Italy’s constructive participation in the AI Impact Summit that took place on 19th February 2026 in New Delhi. Both leaders reaffirmed their commitment to a human-centric, secure, trustworthy and robust Artificial Intelligence. They agreed to collaborate in this domain including in third countries.

The two Prime Ministers placed particular emphasis on opportunities for cooperation in the field of supercomputing.

Building on the 2025–2027 Executive Program for Scientific Cooperation, they supported the implementation of joint projects and the facilitation of mobility of researchers in area of quantum technologies, renewable energy, green hydrogen and sustainable blue economy. They also welcomed the ongoing implementation of the Memorandum of Understanding for cooperation in the field of scientific research and the launching of a joint call for proposals to fund research projects.

The two Prime Ministers acknowledged the longstanding scientific collaboration between the Indian Academia and the International Centre for Theoretical Physics (ICTP) in Trieste and welcomed the signing of a Letter of Intent between the Indian Department of Science and Technology and the Elettra Sincrotrone center in Trieste, Italy in support of activities related to the access of synchrotron radiation facility at Elettra for Indian researchers.

Space

While appreciating the ongoing collaboration between Italian Space Agency and the Indian Space Research Organisation, the two leaders agreed to strengthen the partnership on Earth observation, heliophysics and space exploration, with focused thematic engagement and to explore cooperation on access to space and protection of space infrastructures. They expressed satisfaction with the recent reciprocal visits of their respective space industry delegations and looked forward to further promote commercial collaboration through exchanges of experts and joint initiatives also in third countries.

Defence

Both Prime Ministers expressed satisfaction with the deepening of defence cooperation including through Ministerial exchanges, service-to-service ties, port visits, and welcomed the adoption of a Joint Declaration of Intent and a Defence Industrial Roadmap which will promote partnerships for technological cooperation, co-production and co-development projects, including helicopters, naval platforms, marine armament and electronic warfare. They also recognized the importance of protecting critical infrastructures and their related supply chains through the strengthening of industrial resilience.

The two sides agreed to examine the feasibility of establishing an annual high level military structured dialogue, complementing the work of the Joint Defence Committee and the Military Cooperation Group, and to promote joint exercises and inter-force courses.

Both leaders agreed to launch a Dialogue on Maritime Security, with the aim of increasing maritime security cooperation, coordination, and the exchange of information and best practices in the maritime domain.

Security

The two leaders strongly condemned terrorism and violent extremism in all its forms and manifestations, including cross border terrorism. The two leaders strongly condemned the April 2025 Pahalgam terror attack and reiterated their commitment to cooperate in the fight against terrorists and terrorist groups and their affiliates including those listed in the UN Security Council 1267 Sanctions regime. They called upon all countries to continue to work towards eliminating terrorist safe havens and infrastructure, disrupting terrorist networks and combating the financing of terrorism, consistent with the Financial Action Task Force’s guidelines. Both leaders reiterated their commitment to work together at the UN, FATF and other multilateral platforms.

Both leaders welcomed the first meeting of the Permanent Task Force between India and Italy on countering the financing of terrorism and the upcoming meeting of the Joint Working Group on Counter Terrorism.

Both leaders welcomed the conclusion of an MoU between the Italian Guardia di Finanza and the Directorate of Enforcement of India and looked forward to early conclusion of the Agreement on Exchange and Mutual Protection of Classified Information and the Agreement on strengthening of Police Cooperation. They also welcomed the ongoing discussions on other agreements including Extradition Treaty and Mutual Legal Assistance Treaty.

Migration and Mobility

The two leaders agreed to enhance mobility of students, researchers and skilled workers, particularly in STEM sectors, and to expand cooperation on skills development, in line with the needs of the labour market, including through a specific Joint Declaration of Intent on the facilitation of mobility of nurses from India to Italy. In this context, they welcomed the ongoing discussions between relevant agencies on Social Security Agreement (SSA).

They welcomed the launch of "ICI - Italy Calls India: a University-Enterprise talent bridge” aimed at enhancing the talent of Indian students enrolled in Italian universities by offering concrete pathways for guidance, matching, and qualified integration into Italian enterprises.

They also discussed the possibility of strengthening the cooperation to fight against irregular migration, labour exploitation and human trafficking to ensure safe and legal migration.

Culture and Educational Exchanges

The two leaders highlighted culture as a key pillar of bilateral dialogue and welcomed the signing of an MoU regarding Italy’s participation in the development of the National Maritime Heritage Complex in Lothal. They acknowledged the Indian National Pavilion at the Venice Art Biennale in 2026. They expressed their intention to celebrate 2027 as the "Year of Culture and Tourism between Italy and India”, which will feature a broad calendar of initiatives, and pave the way to a major exhibition on ancient cultural relations between Italy and India to be co-organized by the two Ministries of Culture.

The two leaders encouraged the organization of an Italy–India Cultural Forum, bringing together institutions, experts, and representatives of the creative industries. The two leaders appreciated the launching of the twinning program between Indian and Italian sites inscribed on the UNESCO World Heritage List, aimed at strengthening cooperation in the protection, enhancement and management of cultural heritage.

The two leaders agreed to further develop the film and audio-visual cooperation between the two Nations, building on the strength and innovative capacities of their industries and on the legal framework provided by the bilateral co-production agreement.

The two Prime Ministers reaffirmed their intention to strengthening cooperation in higher education and welcomed the adoption of the Indo-Italian Roadmap on Higher Education and Research. Prime Minister Modi invited Italian universities and institutions of excellence to open campuses in India under India’s New Education Policy.

India-EU Relations

The Leaders welcomed the new Joint India–EU Comprehensive Strategic Agenda agreed at the India–EU Summit on 27 January 2026 and the conclusion of negotiations of the India–EU Free Trade Agreement which would elevate ties to a new level by enhancing market access, reducing trade barriers, and strengthening economic security and resilience through diversified value chains and new market opportunities.

They also reaffirmed their support for strengthening the India–EU Trade and Technology Council as a key platform for cooperation in trade, critical technologies, and economic security. The leaders welcomed the India–EU Security and Defence Partnership and appreciated progress in mobility cooperation, including the MoU on a Comprehensive Framework for Mobility.

Multilateral Cooperation

Both Leaders stressed the urgent need to reform the United Nations to make it more representative and suited to present-day realities.

Both Leaders emphasized the importance of working together in the United Nations and other global platforms including G20 to protect multilateralism and uphold a rules-based international order.

Recognizing the strategic priority both countries attach to Africa, the two Prime Ministers agreed to work together in trilateral initiatives with African partners in areas such as Digital Public Infrastructure (DPI), agriculture, education, healthcare, artificial intelligence, connectivity and infrastructure and renewable energy in line with India’s development partnership in Africa and Italy’s Mattei Plan.

The Leaders reaffirmed their shared commitment to a free, open, peaceful and prosperous Indo-Pacific, in line with international law, including UNCLOS. They look forward to their continued partnership in Science and Technology and Academic cooperation pillar of Indo-Pacific Ocean Initiatives.

Both leaders expressed deep concern over the situation in the West Asia/the Middle East and its effects in the region as well as the rest of the world. The leaders welcomed the ceasefire announced on 8 April 2026 and underlined the importance of de-escalation, dialogue and diplomacy for a lasting peace in the West Asia/the Middle East. They also called for freedom of navigation and the resumption of global flows through Strait of Hormuz.

Both leaders expressed concern over the ongoing war in Ukraine, which continues to cause immense human suffering and negative global consequences. They agreed to continue to support efforts towards the achievement of a comprehensive, just and lasting peace in Ukraine through dialogue and diplomacy, in accordance with the international law and the principles of the UN Charter.

Conclusion

Noting the impressive growth and deepening of India-Italy Special Strategic Partnership, the two leaders reaffirmed their commitment to further expand cooperation across all sectors and continue close high-level consultations on key global and regional developments.

Prime Minister Modi thanked Prime Minister Meloni for the warm hospitality extended by the Government and the people of the Italian Republic and invited Prime Minister Meloni to visit India at a mutually convenient time.