Sagarmanthan – 2024

November 20, 2024

India’s coastline spans 7,500 kilometers and hosts 12 major ports and over 200 smaller ones. This extensive network positions India along busy global shipping routes, which plays a role in international trade. In 2023, India contributed 16% to global economic growth and is projected to become the world’s third-largest economy by 2026.

Importance of Maritime Sector

The maritime sector is crucial for India’s trade and handles 95% of goods by volume and 70% by value. The ports support the growing economy. India ranks as the 16th-largest maritime nation. Its strategic location facilitates global shipping.

Sagarmanthan – The Great Oceans Dialogue

The first edition of ‘Sagarmanthan – The Great Oceans Dialogue’ occurred on November 18-19 in New Delhi. This event is South Asia’s largest maritime forum. Organized by the Ministry of Ports, Shipping, and Waterways, it partners with the Observer Research Foundation. The dialogue will gather global leaders, policymakers, and experts.

Focus Areas of the Dialogue

The dialogue will address key topics, which include the blue economy and global supply chains. Maritime logistics will also be focus. Sustainable growth in the maritime sector is crucial. Discussions will aim to build a robust maritime system for the future.

Blue Economy and Governance

The discussions will centre on four main themes. These themes will tackle challenges and opportunities for ocean governance. Sustainable practices will be emphasised. Collaboration among stakeholders is essential for progress.

Strategic Importance of Indian Waters

Most cargo ships between East Asia and regions like America, Europe, and Africa pass through Indian waters. This marks India’s strategic maritime significance. The nation’s growing role in global maritime matters requires innovative strategies and sustainable practices.

Important Facts for Exams:
Sagarmanthan: Sagarmanthan is South Asia’s largest maritime event. It focuses on the blue economy and maritime governance. The event promotes international cooperation and sustainable practices in the maritime sector.
MoPSW: The Ministry of Ports Shipping and Waterways is responsible for India’s maritime affairs. It oversees port development and maritime policies. MoPSW aims to enhance India’s global maritime presence and economic growth.
Observer Research Foundation: The Observer Research Foundation is a prominent think tank in India. It engages in research and policy advocacy. ORF collaborates with various stakeholders to address global challenges.

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