Lok Sabha Question No. 3583 (UNSTARRED), answered on 2017-03-23
Subject: Maritime India Summit-2016
Ministry: SHIPPING
Asked by: SATYA PAL SINGH, SANJAY SHAMRAO DHOTRE, RAHUL RAMESH SHEWALE, NAGARAJAN P.

## GOVERNMENT OF INDIA MINISTRY OF SHIPPING

## UNSTARRED QUESTION NO.3583 TO BE ANSWERED ON 23rd MARCH, 2017

## LOK SABHA MARITIME INDIA SUMMIT-2016

3583. DR. SATYAPAL SINGH:

SHRI SANJAY DHOTRE:

SHRI RAHUL SHEWALE:

SHRI P. NAGARAJAN:

Will the Minister of SHIPPING be pleased to state:

## पोतप�रवहनमंत्

- (a) the extent to which the Government has achieved the objectives of 141 Memoranda of Understanding(MoUs)/ Business Agreements signed during the Maritime India Summit, 2016, Sector-wise;
- (b) the number of foreign nationals employed in Indian Shipping Sector and vice-versa as a result of the said MoUs/ Agreements as on date country-wise;
- (c) whether the Government has received any representations from various quarters against the said MoUs/ Agreements;
- (d) if so, the details and the present status thereof; and
- (e) the other steps taken/being taken by the Government to attract foreign investment in Shipping sector along with the achievements made so far?

## ANSWER

## MINISTER OF STATE IN THE MINISTRY OF SHIPPING (SHRI PON. RADHAKRISHNAN)

- (a): The broad objective of the Maritime India Summit 2016 was to deepen the cooperation between  maritime  sector  of  India  with  the  rest  of  the  world  and  to  lay  a  roadmap  for executing identified projects. 141 Business Agreements/MoUs were concluded during the Summit with value of investments of around $ 13 Billion (Rs. 83,000 crores). The sector wise details is as under:

| Categories                      |   Number |
|---------------------------------|----------|
| Co-operation Agreements         |        6 |
| Port Modernisation &Development |       66 |
| Port led Development            |       29 |
| Ship Building                   |        8 |
| Inland Waterways                |        7 |
| Port Connectivity               |        2 |
| Green Initiatives               |        5 |
| Dredging                        |        5 |

| Tourism          |   2 |
|------------------|-----|
| Marine Education |   6 |
| Shipping         |   4 |
| Total            | 141 |

Out of 141 MoU/Business Agreements signed during MIS - 2016, 30 are likely to be completed on 31 st March 2017 with an investment of Rs.2203.93 crores. In addition 100 projects,  entailing  an  investment  of  Rs.75714.13  crores,  are  under  implementation  and are being regularly monitored.

- (b)&(c):This  data  is  not  being  maintained.  However,  as  per  information  available,  no  such representation has been received so far.
- (d): Does not arise.
- (e): Some of the major steps taken to attract Foreign Investment are:
- (i) Foreign Direct Investment up to 100% under automatic route has been permitted in the Port Sector.  This has resulted in several Public Private Partnership (PPP) projects in  the  major  ports.  At  present,  a  total  33  PPP  projects  with  an  investment  of Rs.17,817.96 crore are operational and 20 additional  PPP projects with an investment of Rs.22,362.67 crore are under implementation.
- (ii) Establishment of a dedicated Investment Facilitation Cell in Indian Port Association, New  Delhi  to  facilitate  investors  keen  to  invest  in  India's  shipping  and  maritime sectors.  The  cell  also  interacts  with  foreign  delegations  looking  for  investment opportunities in India's maritime and shipping sectors.
- (iii)Showcasing investment opportunities in the maritime sectors at various fora, which includes  UAE-India  Economic  Forum  held  at  Dubai  -  October  2016  and  Vibrant Gujarat Summit held at Gandhinagar - January 2017.
- (iv) All these steps have led to  FDI equity inflows in the shipping sector  given below:

| Sl No   | Financial Year           | Total FDI equity inflows   |
|---------|--------------------------|----------------------------|
| 1       | 2014-15                  | 333.22                     |
| 2       | 2015-16                  | 429.30                     |
| 3       | 2016-17 (upto Jan, 2017) | 603.94                     |
|         | Grand Total              | 1,366.46                   |