Prime Minister Narendra Modi to Inaugurate Major Projects in Maharashtra
Prime Minister Narendra Modi will visit Maharashtra’s Palghar and Mumbai to inaugurate several development projects. At around 11 AM, he will address the Global Fintech Fest (GFF) 2024 at the Jio World Convention Centre in Mumbai. The event is organized by the Payments Council of India, the National Payments Corporation of India, and the Fintech Convergence Council. Around 800 speakers from various countries will participate in over 350 sessions, showcasing the latest fintech innovations.
At around 1:30 PM, the Prime Minister will lay the foundation stone for Vadhvan Port in Palghar, a project costing around Rs. 76,000 crores. This port aims to boost trade and economic growth by accommodating large container vessels and providing direct connectivity to international shipping routes. The port will feature state-of-the-art technology and infrastructure, generating significant employment opportunities and stimulating local businesses.
Additionally, the Prime Minister will inaugurate 218 fisheries projects worth around Rs. 1,560 crores, aimed at improving infrastructure and productivity in the sector. These projects are expected to create over five lakh employment opportunities. He will also launch the National Roll Out of Vessel Communication and Support system, costing around Rs. 360 crores, to enhance safety and communication for fishermen at sea.
Other initiatives include the development of fishing harbours, Integrated Aquaparks, and the adoption of advanced technologies like the Recirculatory Aquaculture System and Biofloc. These projects will improve fish production, post-harvest management, and create sustainable livelihoods for millions in the fisheries sector.
Doubts Revealed
Prime Minister Narendra Modi -: Narendra Modi is the current Prime Minister of India. He is the leader of the country and makes important decisions for the nation.
Maharashtra -: Maharashtra is a state in the western part of India. It is known for its big cities like Mumbai and Pune.
Palghar -: Palghar is a district in Maharashtra. It is located near the coast and is known for its fishing industry.
Mumbai -: Mumbai is the capital city of Maharashtra and the financial capital of India. It is a very big and busy city.
Global Fintech Fest 2024 -: The Global Fintech Fest is an event where people talk about financial technology, like online banking and digital payments. It will happen in 2024.
Vadhvan Port -: Vadhvan Port is a new port being built in Palghar. A port is a place where ships load and unload goods.
Rs. 76,000 crores -: Rs. 76,000 crores is a very large amount of money. One crore is equal to 10 million rupees.
fisheries projects -: Fisheries projects are plans to help people who catch fish for a living. These projects can include building new facilities or providing better equipment.
National Roll Out of Vessel Communication and Support system -: This is a new system to help boats and ships communicate better and get support while they are at sea. It will be used all over India.
trade -: Trade means buying and selling goods and services. It helps the economy grow by creating jobs and making products available to people.
economic growth -: Economic growth means the economy is getting bigger and stronger. This usually means more jobs and better living conditions for people.
employment opportunities -: Employment opportunities are chances for people to get jobs. More jobs mean more people can earn money and support their families.
