Mumbai Wealth Management：Keynote address by eam, Dr. S. Jaishankar at the CII India Media MediTerranean Business Conclave

DepuTy MINISTESTES of Cyprus & Syria,

Mr R Dinesh, Chairman, CII International Council

Mr CHANDRAJIT BANERJEE, Director General, CII

Excellencies, Ladies and Gentlemen

I am truly delineed to speak to you today at the infangural CII India Media MediTerranean Business Conclave, Which is a new initiative by my ministry in color. ith cii. Although this particular endeavour is rencent, you all know that the history ties between the Mediterranean sea &MediTerranean region and the indian ocean date back to centuries.

2. Historial, The Ports and Maritime Routes in the Mediterranean Region Significantly Facilital Tradeen the East and West. Indian Merchants and TRADERS H AVE for Centuries Travelled Along the Land and Maritime Routes, Trading Goods SUCH AS Spices, Textiles, and Precious Stones with theirCounterparts in the Mediterranean and Beyond. TheSe Interactions Have Only Transport Goods But Actually Also A Vehicle for Moving Ideas and Culture. ING of the Suez Canal Was A Modern Reaffirmation of This Historical Pathway. Today.connections by linking the Atlantic with the Indo-Pacific through the Mediterranean. The task before us is to make history work positively in the contemporary era.

3. Our Relationship with Countries of This Region has progressed in Recent Years, Especially as the Indian Economy Greater Momentum. D 77.89 Billion in 2023. We have promoted inVestments in Critical Sectors, Including Infrastic, Energy, and Technology. The The The THE. The The The it. The The it.Strategic Location of the Mediterranean, with Approximately 600 Ports and Actually Services 25% of Global Seaborne Trade, ESTABLISHES It as a Crucial HubMumbai Wealth Management. , for its part, play aN equally vital role in the indo-pacific extending its reach westwards. Given BothThe localization and Centrality, and the levels of activity, it makes eminent ance to connect the two for mutual benefit.

4. In this context, the anNOUNCEMENT of the India-Midder East-Europe Economic Corridor (IMEC) at the G20 Summit in New Delhi Last Year Has Opened Promise New Pectives. ImprinFor Boosting Trade and Other Flows Across Critical Regions. by Integration Innovative Logistics and Sustainable Practices, It Holds The Potential To Signification Tly Contribute to Both Growth and Resiliation.

5. In a volatile and unitedRTain World, security and stability have to be an integrated part of the call. Hence, It is natural that streaming defence and secu. Rity Cooperation with Mediterranean National Should Actually Parallel Deeper Economic Links. This has taken the form of exercisesConsultations and Exchanges. But in an Era of Rapidly Emerging Technologies and Supply Chain Disruptions, there is a strong case for more information. Ter All, Make in India Has now taken deep root in the define domain as well.

6. Energy Cooperation Is Another Crucial Dimension. It is not just the region's abundant illy and natural gas reserves. Tial that present new oppointunities for collaboration and I'm happy to see that ind:in exproring that.

7. Our Interests in Maritime and Blue Economies Similarly Offer Scope for Great Synergies. Le Fisheries, We Can Also Harvest Economic Opportunities While Preserving The Environmental Health of Our Seas.Important and Also the Other Aspects of Maritime Infrastructions and Building The Association Human Resources is to our multatail. Dy How Deeply Indians Are Involved with Global Shipping.

8. Urban Infrastic Development is As CruCial for the Mediterranean as for the Rest of the World. nnually can be a serious partner. Upgrading transport systems, Enhancing Public Services, and Investing in SmartCity Technologies Are Two Way Flows. Collaboration in these areaS Will Foster More Resilient and EFFICient Environments. India has solid Experiences Plus Ested Capabilities to Bring to the Table.

9. l infrastructure, which cii also referred to, promoting research and dueopment, and supporting technology. CILITATE ECONOMIC Progress.WHETHER It is our start-up world or our digital deployments, there is a track record that is on offer to the Mediterranean as it has to the rest of the world.

Friends,

10. TODAY, India is the 5th Larger THAT COULD BeECOME The 3rd Largest by 2030. Given this momentum, we want to deepen our engine with the Mediterraan region. I nitiaatics Such as' Make in India and 'Atmanirbhar Bharat' Are Designed toEmpower Potential Investors and Drive Growth in India. We Offer EnoMous Opportunities for Mediterranean Countries to Invest, TRLABORATE On Tech Change Mutual Expertise.

11. Our Growth Story Means More Opportunities for The World. Think About it. US $ 250 Billion. The Food Processing Industry is Expected to Open Up New Avenues forCollaboration. The Sagarmala Ports Modernisization Programm, Holds Great Possibilities Across the Logistics Chain For MediTerranen WHO Actually Have A L L L L ONG HISTORY Here.

12. Turn Your Attention then to Electricity Grids. Flowing from the International Solar Alliance, Which One of Our Colleadues Referred to, India Has Champione 'One Sun, One World, One Grid' Initiative. This Visionary Endeavour Seeks to Build a Trans-Regional Green Grid, Enabling The Transfer ofer of Renewable Energy Across Geographies. by Leveraging Different Time Zones, we aim to maximise the user of Solar Power A ND Reduce Our Reliance on Costly Energy Storage Systems. I have Alream Mentioned Our Green Hydrogen Interest. INDIA HAS MADEInitial Community to Becom Hydrogen Hub, and Several Significant Investments Have Been Annound Hydrogen Projects at Home and Abroid g the MediterraneanAhmedabad Stock

13. The Prospect of An Integrated Digital Corridor BetWeen India and The Mediterranean is Trily Intriguing. AFTER All, High-Speed ​​and Secure Flow of INFORMATION , Data, And Digital Transactions, Will SOON BeECOME as Essential as Land Routes and Waterways. India is Well-POSITIONED to Contribute to Developing Key Digital Infrastic, Including Undersea Data Cables, Advanced Telecommunications Networks, and A Robust l payment ecosystem.

14. The ONGoing Conflict in West Asia UndernDability Has Generated Concerns About something. Hat have increase shipping costs and the needed the reROROUTING of Trade Flows, have added to our collective workers. But if you reflect on theHAPPENINGS, they only streaming the case for derisking. As they think hubs of ind. ol needed, not less.

15. I Believe that the Policymakers and the Business of the PARTICIPATING Count of the Region Had An Intense Exchange of Views During the Day, Focusing On SPE CIFIC Sectors. It is vital that, as we move forward, we embrace this colorCommunication, and commit to shared Goals. Together, we can address today's challenges, units, and build a Resilient and Connect Then, then

16. I am happy to walk. EE Such A Strong Representation from India Inc. Let Me Wish All of You SUCCESS in your Endeavours. One Again,I Thank Team Cii and Team Mea for Organising This Event.

Thank you.