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NEW DELHI: Highlighting the country’s potential and standing in the global trade, Prime Minister Narendra Modi on Wednesday said India has “outpaced several developed nations in ship-turnaround time“. The prime minister made the remarks while dedicating projects worth Rs 4,000 crore to the nation.
The projects also include the crucial strategic initiatives at Cochin Shipyard Limited, which PM Modi said would boost the development of the southern region of the country.
Speaking on the country’s largest dry dock that Kochi received on Wednesday, he mentioned, “Other projects like shipbuilding, ship repairing, and the LPG import terminal will also give momentum to development in Kerala and the southern region of the country.”
PM Modi said that the new dry dock is a source of national pride for India.
“It not only allows large vessels to dock but also facilitates shipbuilding and repair work, reducing reliance on foreign countries and saving foreign exchange,” he said.
Emphasising the agreement made during India’s G20 Presidency regarding the Middle East-Europe Economic Corridor, PM Modi said, “The world is recognising India’s potential and position in global trade”.
He said that the Middle East-Europe Economic Corridor will further strengthen the creation of “Viksit Bharat” (developed India) by providing an impetus to the coastal economy.
Recalling the past Congress-led UPA government, the prime minister said that just a decade ago, ships had to wait for a considerable amount of time at the ports, and unloading took a very long time.
“Today, the situation has changed,” the Prime Minister said and claimed that India has surpassed many developed nations in terms of ship-turnaround time.
The Prime Minister also spoke about changes in the ports, shipping, and waterways sector over the past decade, mentioning how they attracted new investments and generated job opportunities.
Acknowledging the role of every state in the journey of making India “Viksit Bharat” during the Amrit Kaal, PM Modi recalled the historical significance of ports in India’s prosperity in earlier times and envisioned a similar role for ports in the current era.
He listed an increase in port capacity, investment in port infrastructure, and improved connectivity of ports under the Sagarmala Project.
Acknowledging the honour of building the “Made in India” aircraft carrier INS Vikrant with the Cochin Shipyard, the Prime Minister said, “New facilities will enhance the capabilities of the shipyard many times”.
He said that rule reforms for Indian Seafarers resulted in a 140 per cent increase in their numbers.
Additionally, the prime minister highlighted that using inland waterways significantly boosted passenger and cargo transport within the country.
The Prime Minister, referring to the opening of the International Ship Repair Facility, said that it will transform Kochi into the largest ship repair center in India and Asia.
The projects also include the crucial strategic initiatives at Cochin Shipyard Limited, which PM Modi said would boost the development of the southern region of the country.
Speaking on the country’s largest dry dock that Kochi received on Wednesday, he mentioned, “Other projects like shipbuilding, ship repairing, and the LPG import terminal will also give momentum to development in Kerala and the southern region of the country.”
PM Modi said that the new dry dock is a source of national pride for India.
“It not only allows large vessels to dock but also facilitates shipbuilding and repair work, reducing reliance on foreign countries and saving foreign exchange,” he said.
Emphasising the agreement made during India’s G20 Presidency regarding the Middle East-Europe Economic Corridor, PM Modi said, “The world is recognising India’s potential and position in global trade”.
He said that the Middle East-Europe Economic Corridor will further strengthen the creation of “Viksit Bharat” (developed India) by providing an impetus to the coastal economy.
Recalling the past Congress-led UPA government, the prime minister said that just a decade ago, ships had to wait for a considerable amount of time at the ports, and unloading took a very long time.
“Today, the situation has changed,” the Prime Minister said and claimed that India has surpassed many developed nations in terms of ship-turnaround time.
The Prime Minister also spoke about changes in the ports, shipping, and waterways sector over the past decade, mentioning how they attracted new investments and generated job opportunities.
Acknowledging the role of every state in the journey of making India “Viksit Bharat” during the Amrit Kaal, PM Modi recalled the historical significance of ports in India’s prosperity in earlier times and envisioned a similar role for ports in the current era.
He listed an increase in port capacity, investment in port infrastructure, and improved connectivity of ports under the Sagarmala Project.
Acknowledging the honour of building the “Made in India” aircraft carrier INS Vikrant with the Cochin Shipyard, the Prime Minister said, “New facilities will enhance the capabilities of the shipyard many times”.
He said that rule reforms for Indian Seafarers resulted in a 140 per cent increase in their numbers.
Additionally, the prime minister highlighted that using inland waterways significantly boosted passenger and cargo transport within the country.
The Prime Minister, referring to the opening of the International Ship Repair Facility, said that it will transform Kochi into the largest ship repair center in India and Asia.
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