Union Minister Nitin Gadkari, speaking at Indian Maritime Week, underscored the crucial role of job creation and foreign investment in India’s maritime sector. He highlighted that while the industry has immense potential, innovative funding models are essential to unlock growth. Recalling his past experiment of raising funds in dollars through Singapore’s DBS Bank, Gadkari explained how fluctuations in currency values made such ventures risky without proper hedging. He emphasised that India must strengthen its credibility to attract global investors, noting that “without credibility, we cannot raise funds.” Citing successful examples like metro rail financing from Japan, Gadkari stressed the need for well-structured mechanisms to manage foreign investments and currency risks. He concluded

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