New Delhi, Aug 29 (UNI) Prime Minister Narendra Modi will lay the foundation stone of Vadhvan Port in Palghar district of Maharashtra on Friday.
A statement from the Prime Minister Office (PMO) on Thursday said the total cost of this project is around Rs. 76,000 crores.
“It aims to establish a world-class maritime gateway that will boost the country’s trade and economic growth by catering to large container vessels, and accommodating ultra-large cargo ships” it said.
Vadhvan Port, located near Dahanu town in Palghar district, will be one of India’s largest deep-water ports and will provide direct connectivity to international shipping routes, reducing transit times and costs.
The Prime Minister will also inaugurate and lay the foundation stone of 218 fisheries projects worth around Rs 1,560 crores.
The projects aimed at bolstering the sector’s infrastructure and productivity across the nation.
“These initiatives are expected to generate more than five lakh employment opportunities in the fisheries sector” the PMO statement said.
Modi will launch the National Roll Out of Vessel Communication and Support system at a cost of around Rs. 360 crores.
Later in the evening, the Prime Minister will address a Special Session of Global Fintech Fest (GFF) 2024.
GFF is being jointly organised by the Payments Council of India, the National Payments Corporation of India and the Fintech Convergence Council.
“Around 800 speakers, including policymakers, regulators, senior bankers, industry captains, and academicians, from India and various other countries will address more than 350 sessions in the conference” , the statement said.
