India, Oct. 31 -- More than 600 memorandums of understanding (MoUs) worth Rs.12 lakh crore have been signed during the India Maritime Week, which is underway at the NESCO exhibition center since October 27, the ministry of port, shipping and waterways said on Thursday. Chief executive officers (CEOs) of companies from across the world have expressed their satisfaction with government policies and committed to investing in all spectrums of the maritime sector, the ministry said.

"The MoUs pertain to diverse sectors including ship building, port development, container manufacturing and maritime training," said Sarbananda Sonowal, minister of port, shipping and waterways, while presenting a summary of the maritime week which will conclude t...