Modi announces maritime projects worth 23,000 crore, showcases new direction

Indian Prime Minister Narendra Modi inaugurated a maritime project worth 23,000 crore rupees on Tuesday. The announcement was made virtually during the Global Maritime India Summit 2023 held in Mumbai. Modi emphasized the importance of international maritime trade and highlighted the significant progress made in this sector in recent years. He mentioned the increased capacity of multiple ports in the country and the improved connectivity through the development of new roads. Modi also emphasized the role of the private sector in driving this growth and stated that India is now among the top five shipbuilding nations in the world.

The Prime Minister stressed the need to focus on sustainable development in the maritime sector and highlighted the potential for job creation through the implementation of the Sagarmala project. He stated that India is moving towards a future where blue economy and green planet go hand in hand. Modi’s speech at the summit showcased India’s commitment to further developing its maritime trade and infrastructure, as well as its efforts to contribute to a sustainable and eco-friendly economy.

Overall, the Prime Minister’s address at the Global Maritime India Summit 2023 highlighted the significant progress made in the maritime sector in recent years and emphasized the importance of sustainable development and private sector involvement in driving this growth. Modi’s speech showcased India’s commitment to further developing its maritime trade and infrastructure, as well as its efforts to contribute to a sustainable and eco-friendly economy.

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