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India can provide global stability amid churn: PM
Hindustan Times Bengaluru
|October 30, 2025
Prime Minister Narendra Modi on Wednesday exhorted global investors to take bets on the Indian shipping sector, saying that ata time when the global seas are rough, India has the capability of becoming the steady power house of the world.
Modi was addressing the Maritime Leaders Conclave at the India Maritime Week 2025 being held in Mumbai between October 27 and 31 Healso chaired the Global CEO Roundtable and the conclave during his Mumbai visit. The PM launched projects worth 212 lakh crore aimed at shipping and ship building.
Inhis 20-minute speech, the PM said that when the global seas are rough — referring to global tension, trade disruption and shift in supply chain — India has the capacity to play the role ofa steady power house. He also said that scrapping colonial shipping laws and replacing them with futuristic legislation have improved ease of doing business and reduced government intervention.
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