Sunday, 7 October 2012

Unlock value of maritime sector

Prof. G. Raghuram, Vice-Chancellor, Indian Maritime University, citing the enormous talent and resources available in the country, has said that India needs to unlock the value of its maritime sector.

As Chief Guest at the two-day 26th national convention of Marine Engineers in Mumbai, he expressed concern that “international trends affect India’s own growth,” and added that “unless India unlocks the huge potential it has, it will not be possible for the country to take the present crisis in its stride.”

The convention, held under the aegis of  Marine Engineering Division Board, the Institution of Engineers (India) Belapur Local Centre, Navi Mumbai (IEI) and The Institute of Marine Engineers (India) Mumbai Branch and Navi Mumbai Chapter – IME (I), deliberated on

“Economic Melt Down – Overcoming, Effects on the Maritime Industry”.
In his welcome address, Mr. Anil Rao, Convener of the convention, remarked that a good period, which is considered good for the growth, is also responsible for future slump. He also deplored that there is no subsidy for ship repairs.

Dr. K. Gopalakrishnan, Chairman of IEI, touched upon the Government Maritime Agenda and the investment required for tripling the cargo throughput of Indian ports by 2020 which can happen through public-private-partnership. He wanted the Marine Engineers to turn their attention to the Exclusive Economic Zone (EEZ) and help explore and exploit the offshore resources for the benefit of the nation.

Dr. B. K. Saxena appealed to Prof. Raghuram to introduce value added courses.

Mr. A. K. Gupta, Director (T & OS), Shipping Corporation of India, who was the Guest of Honor, spoke about the cyclic nature of shipping trade and the gap between the supply and demand that is affecting the trade.




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