PM Modi to Visit Mumbai and Palghar on August 30, 2024

Mumbai: On August 30, 2024, Prime Minister Shri Narendra Modi will embark on a significant visit to Mumbai and Palghar in Maharashtra, focusing on the inauguration of critical infrastructure projects and delivering an address at the Global Fintech Fest (GFF) 2024.

PM in Palghar:

At around 1:30 PM, the Prime Minister will lay the foundation stone of the Vadhvan Port in Palghar, a transformative project with an estimated cost of Rs. 76,000 crores. Located near Dahanu town, this port will emerge as one of India’s largest deep-water ports, providing direct connectivity to international shipping routes. The port’s state-of-the-art facilities, including deep berths and modern cargo handling infrastructure, are designed to accommodate ultra-large cargo ships, reducing transit times and costs. The project is expected to generate substantial employment opportunities and stimulate economic growth in the region. Emphasizing sustainable development, the Vadhvan Port aims to minimize environmental impact while bolstering India’s position as a global trade hub.

In addition to the Vadhvan Port, the Prime Minister will inaugurate and lay the foundation stone for 218 fisheries projects worth Rs. 1,560 crores. These initiatives, spread across the nation, aim to enhance the infrastructure and productivity of the fisheries sector, potentially creating over five lakh employment opportunities. The Prime Minister will also launch the National Roll Out of the Vessel Communication and Support system, a Rs. 360 crore project developed by ISRO, which will improve communication and safety for fishermen at sea.

Other projects include the development of fishing harbors, Integrated Aquaparks, and the adoption of advanced aquaculture technologies, all aimed at enhancing fish production, improving post-harvest management, and creating sustainable livelihoods.

PM in Mumbai:

Earlier in the day, around 11 AM, Prime Minister Narendra Modi is set to deliver an address at a Special Session of the Global Fintech Fest (GFF) 2024, held at the Jio World Convention Centre in Mumbai. This prestigious event, jointly organized by the Payments Council of India, the National Payments Corporation of India, and the Fintech Convergence Council, will bring together over 800 speakers. The lineup includes policymakers, regulators, senior bankers, and industry leaders from India and across the globe. Featuring more than 350 sessions, GFF 2024 will also see the unveiling of over 20 thought leadership reports and white papers, highlighting the latest innovations and emerging trends in the fintech industry.

Prime Minister Modi’s visit to Mumbai highlights his commitment to advancing India’s infrastructure, economic growth, and technological innovation, further solidifying the country’s global standing in trade and finance.