Home » PM Modi says that $ 82 billion is being invested in ports
Business

PM Modi says that $ 82 billion is being invested in ports

Prime Minister Narendra Modi said on Tuesday that India would invest $ 82 billion in port projects by 2035, increase the share of clean renewable energy source in the maritime sector, develop waterways and promote tourism.

Speaking at the Maritime India Summit, he invited global investors to invest in Indian ports, shipyards and waterways.

Under the Sagarmala project, more than 574 projects have been identified for implementation between 205 and 2035 costing $ 82 billion or ₹ 6 lakh crore.

He said that the government wants to operate 23 waterways by 2030.

“Our government is a government that is investing in waterways in a way never seen before. Domestic waterways are effective and environmentally friendly modes of freight transportation, ”he said.

In addition, plans have been drawn up to develop tourism on the adjoining 78 out of 189 lighthouses on Indian coastline.

“It is aimed at the development of existing lighthouses and its surrounding areas into unique maritime tourist destinations,” he said, adding that the government has also initiated the overall development of the islands.

Also, clean renewable energy is being used in the maritime sector.

“We are in the process of installing solar and wind based power systems in all major ports across the country. We aim to increase the use of renewable energy in Indian ports in three phases to more than 60 percent of all energy by 2030.

Shri Modi said that Indian ports have reduced waiting time for incoming and outgoing cargo. “India is very serious about growing in the maritime sector and emerging as the worldR7;s leading blue economy,” he said.

You have reached your limit for free articles this month.

Membership benefits included

TodayR7;s paper

Get a mobile-friendly version of the article from the newspaper of the day in an easy-to-read list.

unlimited access

Enjoy reading as many articles as you want without any limitations.

Personal recommendations

A selected list of articles that match your interests and tastes.

Fast page

Move seamlessly between articles as our pages load instantly.

Dashboard

One-stop-shop to see the latest updates and manage your preferences.

Talk

We inform you about the latest and most important events three times a day.

Support quality journalism.

* Our digital subscription plans currently do not include e-paper, crosswords and print.

.

About the author

admin

Add Comment

Click here to post a comment