Sunday, June 16, 2024
HomeNewsPM Modi launches infrastructure projects worth ₹4,000 crore in Kerala

PM Modi launches infrastructure projects worth ₹4,000 crore in Kerala

(News Trust of India) : Prime Minister Narendra Modi’s inauguration of three revolutionary infrastructure projects in Kochi, Kerala, on January 17, 2024, represents a watershed moment for India’s maritime sector. Valued at over ₹4,000 crore, these projects – the New Dry Dock (NDD) at Cochin Shipyard Ltd (CSL), the International Ship Repair Facility (ISRF) of CSL, and the Indian Oil Corp Ltd’s LPG Import Terminal at Puthuvypeen, Kochi – stand as testaments to India’s resolve to revolutionize its ports, shipping, and waterways.

Reimagining India’s Maritime Landscape:

This strategic investment of infrastructure signals a huge stride forward in India’s goal for maritime self-reliance and global dominance. The New Dry Dock, a monster at ₹1,800 crore, stands as a testament of India’s engineering supremacy. This colossal facility, one of the largest in the region, can house not only behemoth commercial vessels but also future aircraft carriers, strengthening India’s naval might.

Equally transformational is the International Ship Repair Facility (ISRF), built at a cost of ₹970 crore. This state-of-the-art facility will upgrade CSL’s ship repair capabilities, driving Kochi to the forefront of the worldwide ship repair scene. With its 6000T capacity ship lift technology, the ISRF is ready to draw clientele from throughout the globe, significantly enhancing India’s maritime infrastructure capability.

Fueling Growth and Prosperity:

The ₹1,236 crore Indian Oil’s LPG Import Terminal is a critical cog in India’s energy security machinery. This terminal would ensure a regular and stable supply of LPG to the region, fulfilling the demands of households and enterprises while also promoting economic growth. Notably, it will act as a strategic storage facility for LPG imports, decreasing dependence on international supply and providing price stability.

More Than Infrastructure, Building an Ecosystem:

Beyond the immediate impact of these projects, the actual power comes in their synergistic effect. The combined presence of shipbuilding, ship repair, and the LPG import terminal creates an ecosystem of nautical expertise in Kochi and the southern region. This ecosystem will attract investment, provide jobs, and encourage downstream sectors, propelling Kerala and India farther on the path to sustainable development.

Visionary Leadership, Tangible Results:

PM Modi’s statement during the inaugural event resonated with a clear vision for India’s marine future. He stressed the essential significance of ports in India’s historical and modern prosperity, underlining their pivotal role in bringing India to the forefront of global trade. He hailed the Sagarmala Project, a game-changer project aiming at boosting port capacity, investing in infrastructure, and enhancing connectivity. The seamless integration of shipbuilding, ship repair, and the LPG import terminal into the Sagarmala framework puts Kochi as a lynchpin in India’s maritime ambitions.

From Pride to Progress:

PM Modi’s joy in the Made in India aircraft carrier INS Vikrant, built at the Kochi Shipyard, was obvious. He properly pointed out that the new facilities will greatly magnify the shipyard’s capabilities, enabling India to manufacture boats of larger tonnage and complexity. This self-reliance not only decreases dependence on foreign shipyards but also positions India as a vital player in the global shipbuilding business.

Reforms, Regulations, and Results:

The Prime Minister underscored the government’s unwavering commitment to maritime reforms over the past decade. These reforms, combining regulatory streamlining, investment facilitation, and talent development efforts, have demonstrably achieved beneficial effects. The 140% increase in the number of Indian sailors and the double-digit annual expansion of Indian ports serve as testaments to this success story.

Beyond Borders, Shaping the Global Narrative:

PM Modi also underlined India’s proactive role in influencing the global maritime landscape. He emphasized the agreements forged under India’s G20 Presidency, particularly the Middle East-Europe Economic Corridor. This strategically crucial corridor holds enormous potential to enhance India’s coastal economy and contribute to the vision of a Viksit Bharat (developed India). Additionally, the Maritime Amrit Kaal Vision, a roadmap to boost India’s maritime supremacy, defines a clear direction for India’s marine destiny.

National Pride, Local Impact:

PM Modi’s words resonated with national pride as he highlighted the New Dry Dock as a symbol of India’s self-reliance. He stressed its potential to minimize foreign dependency, conserve foreign cash, and facilitate the docking of huge warships, further driving India’s shipbuilding and repair capabilities. He envisioned the International Ship Repair Facility establishing Kochi as a leading ship repair hub in India and Asia,