The partnership has been rolled out to enable India’s Maritime Vision 2030, which focuses on boosting the productivity and performance of the nation’s maritime sector over the next ten years.<\/p>\n
The Indian Prime Minister, Mr. Narendra Modi, unveiled the Maritime India Vision (MIV) 2030 in March 2021 while inaugurating the three-day Maritime India Summit 2021, which had participants from 24 countries all over the world. A 10-year blueprint, the Maritime India Vision-2030, is drawn out to overhaul the Indian maritime sector. With a plan for Rs 3 lakh crore investment in the port project, the plan envisages generating employment for 20 lakh people.<\/p>\n
“Shipping and Waterway, it also promises to unlock annual revenue potential for major ports worth over Rs 20,000 crore<\/em>,” according to the Ministry of Ports, Shipping and Waterway<\/p>\n Digitizing Indian ports and waterways can help reduce overall logistics cost while enhancing its competitiveness to transform it into a global manufacturing powerhouse<\/span><\/p>\n Cisco’s initiative to digitize ports <\/span>and waterways is centered on four <\/span>focus areas.<\/span><\/p>\n 1.<\/span>Improve turnaround time<\/span>: Cutting <\/span>down on turnaround is the first <\/span>primary positive outcome. This <\/span>will directly impact the capacity <\/span>and revenue of the ports and <\/span>inland water authorities.<\/span><\/p>\n 2.<\/span>Prevent the loss of revenue and <\/span>equipment<\/span>: Digitization enables <\/span>real-time equipment monitoring, <\/span>which helps in preventing loss of <\/span>revenue and equipment failure.<\/span><\/p>\n 3.<\/span>Improve efficiency<\/span>: Cisco also <\/span>plans to help improve efficiency <\/span>through energy management and <\/span>analytics.<\/span><\/p>\nDigitization \u2013 Four Key Focus <\/span>Areas<\/span><\/h4>\n
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