The maritime industry plays a crucial role in driving a nation's overall economic growth. Since 2014, the Government has been actively promoting the country's maritime sector through various programs like - Gati Shakti and SagarMala which is aimed at attracting investments. These initiatives have primarily focused on enhancing infrastructure, improving efficiency, expanding services, and increasing capacity. The goal has been to facilitate the smooth handling of the consistently growing trade volume and address other emerging requirements of the maritime sector ,as India becomes one of the top three economies of the world.
The blue print for these initiatives come from the Maritime India Vision 2030 launched by Prime Minister Narendra Modi in March 2021(It is against this backdrop that the government laid down the blueprint for growth of India's maritime sector for next decade in form of Maritime India Vision 2030). As a key step towards realizing the vision, a Memorandum of Agreement was signed between the Indian Ports Association (IPA) and the Research and Information System for Developing Countries (RIS) in the presence of the Honourable Minister of Ports Shipping and Waterways (MoPSW), Shri Sarbananda Sonowal. The agreement marked the launch of the Centre for Maritime Economy and Connectivity (CMEC) at RIS - a think tant to give shape to India's maritime ambitions and various associated dimensions.
This initiative aims to capture actionable ideas that can be implemented within a specified timeframe. The primary objectives of CMEC are to develop a comprehensive and integrated framework for the systematic growth and diversification of India's maritime sector. It also aims to contribute to the establishment of regulatory frameworks that encourage investments in the sector, including the development of a common framework for cooperation and collaboration among nations in the Indian Ocean region. By fostering deep collaboration with all research and policy institutions in the sector, CMEC seeks to bolster the maritime economy and promote connectivity in the maritime domain.