PM Modi launches new projects in Kutch, Gujarat

What is in news?Image result for new projects in Kutch, Gujarat

The Prime Minister is on two day visit to his home state Gujarat to launch new projects at Kandla Port Trust, Narmada water pumping station and to inaugurate 42 Annual Meeting of African Development Bank at Mahatma Mandir Convention centre in Gandhinagar on 23rd may 2017.

Mr Modi will address more than 4500 delegates of African Development Bank at its annual meeting which is being held in India for the first time.

Prime Minister Narendra Modi on 22nd may 2017  said Gujarat’s Kandla Port in will soon be connected with Chabahar port in Iran, which is being developed with India’s participation, to boost India’s international trade.

Kandla Port, largest cargo handling ports in the country, be renamed as Deendayal Port Trust to as part of Pt Deendayal Upadhyay’s centenary celebrations.

Ports in India:

India has a coastline spanning 7516.6 kilometres, forming one of the biggest peninsulas in the world.

According to the Ministry of Shipping, around 95 per cent of India’s trading by volume and 70 per cent by value is done through maritime transport.

It is serviced by 12 major ports, 200 notified minor and intermediate ports.

The total 200 non-major ports are in the following States:- Maharashtra (48); Gujarat (42); Tamil Nadu (15); Karnataka (10); Kerala (17); Andhra Pradesh (12); Odisha (13); Goa (5); West Bengal (1); Daman and Diu (2); Lakshadweep (10); Pondicherry (2); and Andaman & Nicobar (23).[1]

Government of India plans to modernise these ports and has approved a project called Sagarmala.

The ports and shipping industry in India plays a vital role in sustaining growth in the country’s trade and commerce.

The Indian Government has allowed Foreign Direct Investment (FDI) of up to 100 per cent under the automatic route for port and harbour construction and maintenance projects.

The government has also initiated National Maritime Development Programme (NMDP), an initiative to develop the maritime sector with a planned outlay of US$ 11.8 billion.

Print Friendly, PDF & Email
Current Affairs ONLY
Register New Account
Reset Password