On Friday, Prime Minister Narendra Modi is scheduled to visit Maharashtra. During his visit, he will launch a series of major projects worth more than ₹76,000 crore.
PM Modi day will start in Mumbai, where he will speak at the Global Fintech Fest 2024, which is being held at the Jio World Convention Centre. Afterward, he will travel to Palghar. There, he will be involved in several significant activities, including opening new projects and laying the foundation stones for upcoming developments. These events will take place at the CIDCO ground in Palghar.
PM Modi to Visit Mumbai and Palghar on August 30
On August 30, Prime Minister Narendra Modi will visit Mumbai and Palghar in Maharashtra. In Mumbai, he will speak at the Global Fintech Fest (GFF) held at the Jio World Convention Centre. This event is organized by the Payments Council of India, the National Payments Corporation of India, and the Fintech Convergence Council.
Following this, Modi will travel to Palghar to inaugurate and lay the foundation for several development projects at the CIDCO ground.
In a recent post on X, PM Modi expressed his enthusiasm for his visit, stating, “I look forward to being among the people of Maharashtra tomorrow, 30th August. I will participate in events in Mumbai and Palghar.”
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PM Modi to Launch Global Fintech Fest 2024
In Mumbai, PM Modi will kick off the Global Fintech Fest (GFF) 2024 with a Special Session. This major event is hosted by the Payments Council of India, the National Payments Corporation of India (NPCI), and the Fintech Convergence Council.
The festival will showcase around 800 speakers, including policymakers, regulators, senior bankers, industry experts, and academics from both India and abroad. They will lead over 350 sessions throughout the event.
GFF 2024 will spotlight the latest fintech innovations and feature the release of more than 20 reports and white papers that offer valuable insights and detailed information about the industry.
Projects in Palghar
- The Prime Minister’s Office (PMO) has announced a major initiative to launch world-class projects in Palghar. These projects aim to create a top-tier maritime gateway designed to enhance trade and economic growth. The new developments will include facilities for accommodating large container vessels, deeper drafts for ultra-large cargo ships, and improved infrastructure for efficient handling.
- Vadhvan Port, located near Dahanu town, is set to become one of India’s largest deep-water ports. It will offer direct links to international shipping routes, which will cut down transit times and costs. The port will feature cutting-edge technology, deep berths, and modern management systems, significantly boosting India’s maritime connectivity. This project is expected to create numerous jobs, support local businesses, and drive regional economic growth while following sustainable practices to minimize environmental impact.
- Prime Minister Modi will also inaugurate 218 fisheries projects with a total investment of around ₹1,560 crores. These projects are designed to improve infrastructure and productivity in the fisheries sector, creating over five lakh jobs and enhancing fish production and post-harvest management.
- Additionally, the “National Rollout of the Vessel Communication and Support System” will be launched, costing approximately ₹360 crores. This initiative will see 1 lakh transponders installed on fishing vessels across 13 coastal states and UTs. Developed by ISRO, this system will improve safety, provide two-way communication for fishermen, and support rescue operations.
- Other initiatives include the development of fishing harbours and Integrated Aquaparks, as well as the introduction of advanced technologies like Recirculatory Aquaculture Systems and Biofloc to boost fisheries productivity.
- Modi will also lay the foundation for modernizing fishing harbours, fish landing centres, and fish markets to enhance post-harvest management and hygiene in fish handling.
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FAQs
Q.1. What will PM Modi do in Mumbai on August 30?
Ans. PM Modi will inaugurate the Global Fintech Fest 2024 at the Jio World Convention Centre, discussing the latest in fintech innovations.
Q.2. What projects will PM Modi launch in Palghar?
Ans. PM Modi will inaugurate Vadhvan Port, 218 fisheries projects, and the National Vessel Communication System, and lay the foundation for other major developments.
Q.3. What is Vadhvan Port, and why is it significant?
Ans. Vadhvan Port, near Dahanu town, will become one of India’s largest deep-water ports, enhancing maritime trade with advanced technology and direct international shipping routes.
Q.4. How will the fisheries projects impact the sector?
Ans. The 218 fisheries projects, with an investment of ₹1,560 crores, aim to improve infrastructure, increase productivity, and create over five lakh jobs in the fisheries sector.
Q.5. What is the National Rollout of the Vessel Communication and Support System?
Ans. This initiative, costing around ₹360 crores, will install 1 lakh transponders on fishing vessels to enhance safety and communication, developed by ISRO.
