Thiruvananthapuram/Hyderabad, May 2 (Maxim News): Prime Minister Narendra Modi dedicated to the nation ‘Vizhinjam International Deepwater Multipurpose Seaport’ worth Rs. 8,900 crore on Friday.
Kerala Chief Minister Pinarayi Vijayan and many dignitaries were present on the occasion.
After dedicating the ambitious seaport to the nation, PM Modi called it a significant achievement in India’s maritime capacity and said. “This port will open new opportunities for the people.”
PM Modi further stated, “This transhipment hub capacity at the seaport is set to triple in the near future. It is designed to accomodate large cargo ships, addressing a critical need. Until now, 75 per cent of India’s transshipment activities were conducted at foreign ports, resulting in significant revenue losses for the country. However, this is poised to change,”
He said that the money earlier spent abroad will now be channeled into domestic development, creating new economic opportunities for the people of the state and will ensure that the nation’s wealth directly benefits its citizens.
Addressing the event, PM Modi also spoke about India’s eminence in the pre-independence era and highlighted how the maritime focus powered the country’s growth.
“Before Independence, India saw thousands of years of prosperity. At one time, India held a major share in the global GDP. what kept us apart from other countries during that era was our maritime capacity, the economic activity of our port cities, kerala had a significant contribution to this,” PM Modi pointed out.
PM Modi further said that the full potential of the port economy is released only when infrastructure development and the ‘Ease of Doing Business’ are prioritised and promoted in sync.
“Over the past decade, this approach has been the cornerstone of the government’s port and waterways policies. Significant strides have been made in advancing industrial activities and driving the holistic development of the state, he stated.
Notably, the ambitious project is the country’s first dedicated container transshipment port and this will contribute to strengthening India’s position in global trade, enhancing logistics efficiency and reducing reliance on foreign ports for cargo transshipment. (Maxim News)
Next Story:
Man, Daughter Found Dead Under Suspicious Circumstances In Khammam
Khammam/Hyderabad, April 27 (Maxim News): A man and his daughter were found dead under suspicious conditions in their house at Burhanpuram in Khammam city while the man’s wife as well as another daughter were found in an unconscious state. Here To Join Us On WhatsApp According to police the deceased Kanatala Ramu (29) of Ananthnagar…
Burglars Decamp With Values Worth Lakhs From House In Medipally Chengicherla
Hyderabad, April 27 (Maxim News): Burglars targeted a house and decamped with valuables worth in lakhs at Chengicherla in Medipally on suburbs. GeographicReference Here To Join Us On WhatsApp The house owner, P Karthik Kumar, a native of Gudur, was staying in a rented house in Chengicherla. On April 25, he left for his hometown…
Private Travel Bus Gutted In Engine Fire On NH-44 Near Medak
Medak/Hyderabad, April 27 (Maxim News): A private travel bus was gutted as a technical glitch sparked the fire in the bus engine on NH-44 at Masaipet on Monday morning. Here To Join Us On WhatsApp According to Police, the bus was brought to Medak town for some repairs. The driver and cleaner were driving the…
NIA Takes Over Probe Into Crude Bom Recovery In Bengal
Delhi/Kolkata/Hyderabad, April 27 (Maxim News) The National Investigation Agency (NIA) has taken over the investigation into a case involving the recovery of 79 crude bombs and other incriminating materials in West Bengal, where the second and final phase of the Assembly polls is scheduled for April 29, officials said. Here To Join Us On WhatsApp…
Bangladesh: Hindu Man Body Found Hanging From Tree, Minority Group Demands Strong Action
Dhaka/Internet/Hyderabad, April 27 (Maxim News): A Hindu temple caretaker was found hanging from a tree three days after he went missing from his home in southeastern Bangladesh, a minority group said and demanded stern action against the perpetrators. Here To Join Us On WhatsApp Nayan Sadhu, the 40-year-old resident of Dohazari area under Sthania Upazila…
Now you can get the latest stories from Indtoday on Telegram every day. Click the link to subscribe. Click to follow Indtoday’s Facebook page, Twitter, and Instagram. For all the latest Hyderabad News updates
