Dikhyaa Mohanty 
Prime Minister Narendra Modi assured that India will invest USD 82 billion in the port project by 2035 boosting the share of clean renewable energy sources in the maritime sector along with developing waterways and promote tourism around lighthouses as a part of port-led development.
At Maritime India, Summit Prime Minister Modi talked about the future investments of India in the maritime sector. He invited all the global investors to invest in Indian Ports, shipyards, and waterways also.
During the speech, PM Modi informed that more than 574 projects costing USD 82 billion or Rs 6 lakh crore have been recognized for implementation between 2015 and 2035 under the Sagarmala Project. Even the Indian Government is seeking to operationalize around 23 waterways by 2030.
He further said that the government is investing in waterways in such a way that no one has ever witnessed it before and the domestic waterway is determined to be cost-effective and environmental friendly which has methods of transporting freight. The plans have been already described for the development of tourism on land nearby to 78 out of 189 lighthouses on the Indian coastline.
PM Modi added that the government has initiated the holistic development of islands. The main objective of intensifying the development of the existing lighthouses and their surrounding areas is to convert them into unique maritime tourism landmarks.
PM Modi further talked about the growing developments in the maritime sector and also emerging as a leading Blue Economy of the world. The Indian Government is also concentrating on the domestic shipbuilding and ship repair market and for promoting domestic shipbuilding, a Shipbuilding Financial Assistance Policy for Indian Shipyards has been approved.
Image Source – Google
