Home / Prime Minister Modi Launches Transformative Infrastructure Endeavors Worth INR 4,000 Cr in Kochi

Prime Minister Modi Launches Transformative Infrastructure Endeavors Worth INR 4,000 Cr in Kochi
During his address on January 17, the Prime Minister emphasized the pivotal role these projects will play in revolutionizing India's ports, shipping, and inland water transport sectors.

by Pragti Sharma / 18 Jan 2024 22:25 PM IST / 0 Comment(s) / 119

Prime Minister Narendra Modi inaugurated three groundbreaking infrastructure projects in Kochi, Kerala, collectively valued at ?4,000 crore. These initiatives, including a cutting-edge dry dock, an International Ship Repair Facility (ISRF) by Cochin Shipyard Ltd (CSL), and an LPG import terminal by Indian Oil Corporation Limited (IOCL) at Puthuvypeen, are poised to redefine India's maritime landscape.



During his address on January 17, the Prime Minister emphasized the pivotal role these projects will play in revolutionizing India's ports, shipping, and inland water transport sectors.



Prime Minister Modi articulated the government's strategic vision to enhance capacity-building and self-sufficiency within India's maritime infrastructure. These projects are integral to positioning India as a key player in global trade, leveraging its extensive 7,500-km coastline.



Acknowledging ongoing reforms, PM Modi highlighted the government's commitment to streamline processes and enhance operational efficiency in the ports, shipping, and inland water transport sectors, fostering ease of business. The Prime Minister underscored the transformative impact of the Sagarmala Project, emphasizing its role in bolstering connectivity between ports and driving economic growth in key port cities, such as Kochi.



The new dry dock, alongside advanced shipbuilding and ship repair facilities, is poised to catalyze development not only in Kerala but across southern regions. PM Modi commended the positive impact of the indigenous aircraft carrier INS Vikrant's construction on numerous MSMEs.



The International Ship Repair Facility is set to elevate Kochi into South Asia's premier ship repair center, fostering the growth of MSMEs and establishing a robust shipbuilding ecosystem.



The newly inaugurated LPG import terminal at Puthuvypeen holds strategic importance, catering to the LPG needs of several cities. It is expected to spur industrial growth, economic activities, and job creation in the region.



Green Technology Initiatives



Highlighting Cochin Shipyard's commitment to green technology, PM Modi showcased the construction of electric-hybrid Kochi Water Metro ferries. The shipyard is actively involved in developing hydrogen-fueled vessels, aligning with India's transition to hydrogen-based transport.



Blue Economy and Fisheries Development



The Prime Minister credited infrastructure development projects for the substantial increase in fish production and exports. He emphasized the transformative role of the blue economy and port-led development in empowering the fishermen's community.



In conclusion, Prime Minister Modi expressed unwavering confidence in the growth trajectory of India's maritime sector, reinforcing the nation's maritime prowess and commitment to sustainable blue economy initiatives.



News Source: The Hindu


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