Maharashtra Visit By Prime Minister Narendra Modi on 30th August 2024

Maharashtra Visit By Prime Minister Narendra Modi on 30th August 2024. Prime Minister Narendra Modi is set to visit Maharashtra on August 30th, 2024. This visit will see the Prime Minister engaging in significant events in Mumbai and Palghar. The key highlights of his visit include addressing the Global Fintech Fest (GFF) 2024 in Mumbai and laying the foundation stone for the Vadhvan Port project in Palghar. Additionally, the Prime Minister will boost the fisheries sector and generate employment opportunities across the country by inaugurating and laying the foundation stone for several projects.

Maharashtra Visit By Prime Minister Narendra Modi on 30th August 2024

PM Modi’s Agenda in Maharashtra

Maharashtra Visit for Global Fintech Fest (GFF) 2024 in Mumbai

• Prime Minister Modi will kick off his day by addressing the Global Fintech Fest (GFF) 2024 at the Jio World Convention Centre in Mumbai at 11 AM.
• GFF 2024, One of the largest fintech events globally, the Payments Council of India is jointly organizing it.
• The National Payments Corporation of India (NPCI), and the Fintech Convergence Council.
• Key Participants: Over 800 speakers, including policymakers, regulators, senior bankers, industry leaders, and academicians from India and other countries, will address the fest.
• Sessions and Innovations: The event will feature more than 350 sessions, showcasing the latest innovations in the fintech industry.
• Thought Leadership: The event will launch over 20 thought leadership reports and white papers, offering in-depth insights into the fintech landscape

PM Modi’s Focus on Fintech

• The Prime Minister’s address at GFF 2024 will likely highlight the rapid growth of India’s fintech sector and its role in driving financial inclusion.
• With India being one of the largest fintech markets globally,
• PM Modi is expected to emphasise the government’s commitment.
• To support this sector through policy reforms, digital infrastructure, and regulatory innovation.

Vadhvan Port Project in Palghar

Following his address in Mumbai, PM Modi will travel to Palghar to lay the foundation stone for the Vadhvan Port project, a landmark initiative that will establish one of India’s largest deep-water ports.

• Project Cost: The estimated cost of the Vadhvan Port project is around Rs. 76,000 crores.
• Location: The port will be located near Dahanu town in Palghar district, Maharashtra.
• Significance: Vadhvan Port aims to create a world-class maritime gateway that will enhance India’s trade capabilities. The port will be equipped to handle large container vessels, offer deeper drafts, and accommodate ultra-large cargo ships.

Impact of Vadhvan Port

The Vadhvan Port will play a crucial role in boosting India’s maritime connectivity. Once operational, the port will reduce transit times and shipping costs, providing direct connectivity to international shipping routes.

• Economic Growth: The project is poised to stimulate economic growth by generating significant employment opportunities and promoting local businesses.
• Sustainable Development: The port will incorporate sustainable development practices, with a focus on minimizing environmental impact and adhering to stringent ecological standards.
• Global Trade Hub: The port will further strengthen India’s position as a global trade hub, enhancing its maritime connectivity.

Fisheries Projects Inauguration in Palghar

• PM Modi will also inaugurate and lay the foundation stone for 218 fisheries projects worth around Rs. 1,560 crores.
• These projects aim to enhance the infrastructure and productivity of India’s fisheries sector.
• Itis a crucial component of the country’s agricultural economy.

Employment Opportunities:

• The fisheries initiatives will generate over five lakh jobs.
• Providing livelihoods to millions of people involved in the sector.

Vessel Communication and Support System:

As part of these initiatives, the Prime Minister will launch the National Roll Out of the Vessel Communication and Support System.

Project Cost:

The estimated cost of the project is around at Rs. 360 crores.

Transponders Installation:

Technology:

The system, developed by ISRO, will facilitate two-way communication, assist in rescue operations, and ensure the safety of fishermen at sea.

Advanced Technologies in Fisheries

The Prime Minister will also inaugurate projects that introduce advanced technologies like the Recirculatory Aquaculture System and Biofloc. Various states will implement these technologies, providing critical infrastructure and inputs to boost fish production and improve post-harvest management

• Fishing Harbours and Aquaparks: PM Modi will lay the foundation for the development of fishing harbours and Integrated Aquaparks.
• Post-Harvest Management: The initiatives include the development, upgrading, and modernization of fishing harbours, fish landing centres, and fish markets to ensure hygienic post-harvest management of fish and seafood.

Why These Fisheries Projects Matter

• Infrastructure Development: The projects will provide essential facilities that improve the quality and safety of fish and seafood.
• Sustainable Livelihoods: By improving infrastructure and introducing advanced technologies, these initiatives will create sustainable livelihoods for millions involved in the fisheries sector.

Conclusion: Maharashtra to Witness Transformative Developments

Prime Minister Narendra Modi’s visit to Maharashtra on August 30th, 2024, will be a significant event, marked by the launch of transformative projects in the state. The Vadhvan Port project and the fisheries initiatives in Palghar will boost economic growth, create jobs, and strengthen India’s position on the global stage.

Key Takeaways:

• Global Fintech Fest: PM Modi will address one of the largest fintech events, emphasizing India’s role in the global fintech ecosystem.
• Vadhvan Port: The foundation stone for one of India’s largest deep-water ports will be laid, enhancing the country’s maritime connectivity.
• Fisheries Projects: A series of fisheries initiatives will be launched, aimed at boosting infrastructure, productivity, and employment in the sector.

This visit underscores the government’s commitment to advancing India’s infrastructure, technology, and economy, ensuring that the country continues to progress towards becoming a global leader in various sectors.