Here are the top ten quotes from his speech, delivered in English:
To build on the gains from today's gathering, India will host the first ever Global Maritime Summit in April this year.
Given the scale and complexity of modern day challenges the international maritime stability cannot be the preserve of a single nation.
Since the days of the Indus Valley Civilization, India has maintained an extensive network of maritime links. The Indian Ocean Region is one of my foremost policy priorities.
Oceans are critical for the global energy security as over 60% of world's oil production moves through sea routes.
At the same time oceans are lifelines of global prosperity. They present us with enormous economic opportunities to build our nations.
Threat of sea borne terror, of which India has been a direct victim, continues to endanger the regional and global peace and stability.
We must use seas to build peace, friendship and trust and curb conflict.
Our approach is evident in our vision of "Sagar", which means "Ocean" and stands for - Security And Growth for All in the Region
Of all Indian Naval ships participating in Fleet Review, at least 37 are "Made in India" -- a number that will surely rise in coming years.
I see youth in the coastal areas as our true assets. They have a natural and deep understanding of the oceans.
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