International port authorities and port operators including major players like Israel Ports Company and Port of Antwerp will share technical and management expertise with private port operators in Gujarat. The upcoming investment summit, Vibrant Gujarat Global Investors' Summit, 2013 will see more of knowledge sharing on sustainability of ports and shipping sector in the state over fresh investment promises, informed government officials.
"In this Vibrant Summit, the focus will be more on knowledge sharing on technical and management aspects. Port operators and authorities from Antwerp, Israel, Russia and other places will remain present at the summit. Fresh investments in the ports sector will be a derivative of this summit," said a senior official in the state industries department. The port operators and authorities from overseas are likely to share their expertise to handle large-sized and complex vessels at the ports. Also, they will interact with entrepreneurs and state officials to bring improvement in the management and operations of ports and port traffic.
As per the initial details provided by the state officials, representatives of Israel Ports Company, Port of Antwerp, Port of Rotterdam and those from port authorities of Russia and US will also mark their presence this Vibrant Summit. The officials from these port authorities will showcase strengths of their port facilities and interact with industry and entrepreneurs in the state.
According to state officials, ports and shipping sector in the state will be one of the key areas that will attract attention from global players. "The state has a robust ports policy that encourages private sector investment. Also, a long coastline provides good potential for ports and shipping industry to develop here. We expect port operators from Europe, US and Russia visiting this VGGIS," said a senior official at Gujarat Maritime Board (GMB). "We will encourage international port authorities to bring their expertise in the port management and technology. Sustainability will be one of the focus areas for GMB this VGGIS," the official informed.
In the VGGIS 2011, overall ports and shipping sector had seen investment promises for about Rs 100,000 crore.