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Gujarat Maritime Board to set-up India’s first International Maritime Services Cluster at GIFT City

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Gujarat Maritime Board to set-up India’s first International Maritime Services Cluster at GIFT City

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June 13, 2021
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Gujarat Maritime Board to set-up India’s first International Maritime Services Cluster at GIFT City
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Picture used for representational functions solely (Picture Courtesy: Gujarat Maritime Cluster)

Gujarat Maritime Board (GMB) might be organising India’s first worldwide maritime providers cluster at GIFT Metropolis. The Maritime Cluster might be developed as a devoted ecosystem comprising of Ports, Delivery, Logistics providers suppliers and pertinent Authorities Regulators, all current in the identical geographic neighborhood (i.e. GIFT Metropolis). The cluster will additional leverage the proximity and accessibility of those stakeholders to allow a synergetic collaboration.

Welcoming the brand new cluster, Tapan Ray, MD & Group CEO, GIFT Metropolis, stated, “Establishing a maritime cluster is a much-needed step in direction of advancing India’s credentials and financial viability on this sector. We’re delighted that India’s first worldwide maritime cluster might be positioned in GIFT Metropolis which can assist in realising the total potential of India’s marine prowess. GIFT Metropolis has the distinctive distinction of being India’s first IFSC and inclusion of such establishments improve our price proposition. GIFT Metropolis will present a conducive ecosystem for the Gujarat Maritime Board to collaborate and innovate.”

Talking in regards to the growth, Avantika Singh, Vice-Chairman & CEO, GMB stated, “This might be first of its variety industrial maritime providers cluster in India which has been conceptualized to boost competitiveness and self-sufficiency of India within the maritime sector and supply one cease resolution for complete maritime fraternity. GIFT Metropolis offers us with a seamless surroundings to create a sturdy maritime fraternity and strengthen its worth chain. GIFT Metropolis has state-of-the artwork infrastructure and world-class banking amenities and establishments, that might be useful for fostering innovation, financial viability, collaboration and enterprise alternatives for the Cluster. We welcome maritime fraternity to make the most of this platform and take part on this initiative.”

The Cluster intends to host an array of maritime business gamers, resembling key regulators/ authorities companies to make sure ‘Ease of Doing Enterprise’ for the cluster members; maritime/shipping business Associations and companies; intermediate providers suppliers, resembling Delivery Finance, Marine Insurance coverage, Maritime Arbitrators, Maritime Regulation Companies, and so on.; and assist Companies Suppliers, resembling Maritime Schooling Institutes, and so on..

The Maritime Cluster additionally intends to accommodate an Alternate Dispute Decision (ADR) Centre, centered on maritime / shipping. This shall guarantee financial advantages and ease of doing enterprise for the maritime fraternity, which at the moment has to rely upon Worldwide Arbitration Facilities. The cutting-edge campus of Gujarat Maritime College – a premier institute for maritime training in India, can also be developing on the GIFT Metropolis

Gujarat Maritime Board (GMB) – a Authorities of Gujarat endeavor, and the primary maritime board of India was arrange in 1982 and is liable for growth, administration, operation and regulation of the 48 Non-Main Ports in addition to for growth of different maritime / shipping actions within the state of Gujarat. The non- main ports of Gujarat have dealt with 388 MMT of site visitors within the 12 months 2020-21 boasting a lion’s share of 30 % in complete nationwide maritime throughput.

GIFT Metropolis is India’s first operational good metropolis and Worldwide Monetary Companies Centre (IFSC), GIFT Metropolis is an rising international monetary and IT providers hub, a primary of its variety in India, designed to be at or above par with globally benchmarked enterprise districts. It’s supported by state-of-the-art infrastructure encompassing all fundamental city infrastructure parts together with a wonderful exterior connectivity.

Sea Information Characteristic, June 7



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