2020 India Network
Maritime Summit likely to attract investment contracts worth Rs 2 lakh crore: Nitin Gadkari
Investment contracts worth Rs 2 lakh crore are expected to be signed at the upcoming maritime India summit in Mumbai, shipping minister Nitin Gadkari said on Monday.
The government will also sign an MoU with South Korea for development of port and shipping infrastructure in India. Gadkari said South Korean companies were looking for opportunity to invest in Indian shipyards.
“Samsung will manufacture 3 LNG ships in India. They have signed a contract with Cochin shipyard. Over 50 South Korean companies and 200 other global maritime companies will be present for the summit. We are showcasing all port led investment opportunities. Also, inland waterways projects would also be taken up for development,” he said. Read More…