Commenting on the Maritime India Summit 2016, Mr. Rana Kapoor, MD & CEO, YES Bank and Chairman, YES Institute, said, “As India’s aspiration to progress from a ‘globally dependent emerging nation’ to an ‘economic superpower’ accelerating the role of the maritime sector takes center stage. India, with its more than 7,500 Km coastline, navigable inland waterway length of 14,500 Km, 200 Ports offers immense opportunities of a staggering sum of INR 2,000 BN in the Maritime Sector towards investment in ports, shipping, coastal shipping, inland waterways, ship building and maritime cluster development, thereby creating millions of new jobs, reducing poverty and achieving sustained socioeconomic development for the Country.”
Elaborating on the supportive role played by the Government, Mr. Rana Kapoor, MD & CEO, YES BANK said, “Through flagship initiatives like ‘Sagarmala’, Inland waterways and the ‘Shipbuilding Scheme’ the Government has mobilized the much needed dynamism and positive energy to the Maritime Sector. This vibrancy has restored the faith of global as well as local investors in this sector who have got back the courage to make fresh investments in this sector.”