...
...
Next Story

India to invest $82 billion in port projects by 2035: PM Modi

The capacity of major ports which was around 870 million tonnes per annum in 2014 has increased to around 1550 million tonnes per annum now, the Prime Minister said.

Updated on: Mar 2, 2021, 21:12:50 IST
By , Hindustan Times, New Delhi
Prefer HTon Google
Advertisement

Prime Minister Narendra Modi on Tuesday said India has identified more than 574 port projects at a cost of 82 billion USD or 6 lakh crore for implementation during 2015 to 2035.

Prime Minister Narendra Modi addresses the inauguration of Maritime India Summit 2021, through video conferencing in New Delhi on Tuesday. (PTI PHOTO).
Prime Minister Narendra Modi addresses the inauguration of Maritime India Summit 2021, through video conferencing in New Delhi on Tuesday. (PTI PHOTO).

The Prime Minister on Tuesday inaugurated the second edition of the ‘Maritime India Summit 2021’ through video conferencing. Minister of Transport of Denmark Benny Englebrecht, Chief Ministers of Gujarat and Andhra Pradesh, Union Ministers Dharmendra Pradhan and Mansukh Mandaviya were also present on the occasion.

Speaking at the virtual inauguration, the PM said he is inviting the world to come to India and be a part of India’s growth trajectory. “India is very serious about growing in the maritime sector and emerging as a leading Blue Economy of the world. Through the focus areas of upgradation of infrastructure, boosting reform journey, India aims to strengthen the vision of Atmanirbhar Bharat,” he said.

“The Ministry of Port Shipping and Waterways has created a list of 400 investable projects. These projects have an investment potential of 31 billion dollars or 2.25 lakh crore. This will further strengthen our commitment to the overall development of our maritime sector,” he said.

The capacity of major ports which was around 870 million tonnes per annum in 2014 has increased to around 1550 million tonnes per annum now, he said.

The PM asserted that: “Ours is a government that is investing in waterways in a way that was never seen before. Domestic waterways are found to be cost effective and environment friendly ways of transporting freight. We aim to operationalise 23 waterways by 2030.”

He also said ports have reduced waiting time for inbound and outbound cargo. “Indian ports now have measures such as: Direct port Delivery, Direct Port Entry and an upgraded Port Community System for easy data flow. We are also investing heavily in development of storage facilities at the ports and plug-and-play infrastructure for attracting industries to Portland. The ports will promote ‘Waste-to-Wealth' through sustainable dredging and domestic ship recycling. We will encourage private investment in the ports sector,” he added.

 
Get the latest India News, breaking headlines and real-time updates from across the country. Stay informed about politics, government policies, crime, weather and major national developments.
Get the latest India News, breaking headlines and real-time updates from across the country. Stay informed about politics, government policies, crime, weather and major national developments.
SHARE THIS ARTICLE ON
Hindustantimes wants to start sending you push notifications. Click allow to subscribe