PM to Lay Foundation Stone of Vadhvan Port Project in Palghar, Check Schedule of Maharashtra Visit

New Delhi: Prime Minister Narendra Modi will be visiting Maharashtra today, on August 30 to inaugurate several projects in Palghar and will also be addressing the Global Fintech Fest 2024 in Mumbai.

The Prime Minister's Office has released the complete schedule of PM Modi's Maharashtra visit; check here.

PM Modi Maharashtra Visit: Full Schedule

Prime Minister Narendra Modi's one-day visit to Maharashtra will begin at 11:00 am today.

PM Modi will first be going to Mumbai and will be addressing the Global Fintech Fest (GFF) 2024 at the Jio World Convention Centre in Mumbai.

From Mumbai, PM Modi will be visiting Palghar district where he will be laying the foundation stone of several projects including the Vadhvan Port Project worth s 76,000 crore.

PM Modi in Mumbai for Global Fintech Fest (GFF), 2024

As per the press release, “Prime Minister will address a Special Session of Global Fintech Fest (GFF) 2024. GFF is being jointly organised by the Payments Council of India, the National Payments Corporation of India and the Fintech Convergence Council. Around 800 speakers, including policymakers, regulators, senior bankers, industry captains, and academicians, from India and various other countries will address more than 350 sessions in the conference. 

It will also showcase the latest innovations of the fintech landscape. Over 20 thought leadership reports and white papers will be launched at GFF 2024, offering insights, and in-depth industry information.”

PM Modi's Palghar Visit: Project to be Inaugurated

On PM Modi's visit to Palghar, the press release says, “Prime Minister will lay the foundation stone of Vadhvan Port on 30th August 2024. The total cost of this project is around Rs. 76,000 crores. It aims to establish a world-class maritime gateway that will boost the country’s trade and economic growth by catering to large container vessels, offering deeper drafts, and accommodating ultra-large cargo ships.

Prime Minister will also inaugurate and lay the foundation stone of 218 fisheries projects worth around Rs 1,560 crores, aimed at bolstering the sector's infrastructure and productivity across the nation. These initiatives are expected to generate more than five lakh employment opportunities in the fisheries sector.

Prime Minister will launch the National Roll Out of Vessel Communication and Support system at a cost of around Rs. 360 crores. Under this project, 1 lakh transponders will be installed in a phased manner on mechanised and motorised fishing vessels in 13 coastal States and Union Territories. The vessel communication and support system is indigenous technology developed by ISRO, which will help in establishing two-way communication while fishermen are at sea and also help in rescue operations as well as ensure safety of our fishermen.

Other initiatives to be inaugurated by the Prime Minister include the development of fishing harbours and Integrated Aquaparks, alongside the adoption of advanced technologies such as the Recirculatory Aquaculture System and Biofloc. These projects will be implemented across multiple states and will provide crucial infrastructure and high-quality inputs to enhance fish production, improve post-harvest management, and create sustainable livelihoods for millions involved in the fisheries sector.

Prime Minister will also lay the foundation stone for important fishery infrastructure projects including development, upgradation and modernization of fishing harbours, fish landing centres and construction of fish markets. This is expected to provide necessary facilities and hygienic conditions for post-harvest management of fish and seafood.

All About Vadhvan Port Project Worth Rs 76,000 Crore

Vadhvan Port, located near Dahanu town in Palghar district, will be one of India’s largest deep-water ports and will provide direct connectivity to international shipping routes, reducing transit times and costs. 

Equipped with state-of-the-art technology and infrastructure, the port will feature deep berths, efficient cargo handling facilities, and modern port management systems. 

The port is expected to generate significant employment opportunities, stimulate local businesses, and contribute to the overall economic development of the region. 

The Vadhvan Port project incorporates sustainable development practices, with a focus on minimizing environmental impact and adhering to stringent ecological standards. 

Once operational, the port will enhance India's maritime connectivity and further strengthen its position as a global trade hub.