Mumbai, August 30, 2024 – Prime Minister Narendra Modi is set to address the Global Fintech Fest 2024 in Mumbai today at 11:00 am, focusing on India’s burgeoning fintech landscape and its potential to enhance global living standards. Organized by the Payments Council of India, the National Payments Corporation of India, and the Fintech Convergence Council, the conference will feature over 800 speakers, including policymakers, regulators, senior bankers, and industry leaders, showcasing the latest innovations in fintech. More than 20 thought leadership reports and white papers will also be launched at the event, providing critical insights into the industry’s future.
In addition to his keynote address, PM Modi will lay the foundation stone for the Vadhvan Port project in Palghar at 1:30 pm. This ambitious ₹76,000 crore project is set to become one of India’s largest deep-water ports, designed to enhance trade and economic growth by accommodating large container vessels and ultra-large cargo ships. Strategically located near Dahanu in Palghar district, Vadhvan Port will offer direct connectivity to international shipping routes, feature state-of-the-art technology, and adhere to sustainable development practices and environmental standards. This project is expected to generate significant employment opportunities and stimulate local businesses.
The Prime Minister will also inaugurate 218 fisheries projects valued at approximately ₹1,560 crores, aimed at strengthening the sector’s infrastructure and productivity across the nation. These initiatives are projected to create over five lakh jobs in the fisheries sector. Additionally, he will launch the National Roll Out of the Vessel Communication and Support System, a ₹360 crore project developed by ISRO, which will install 1 lakh transponders on fishing vessels across 13 coastal states and union territories, enhancing communication, safety, and rescue operations for fishermen.
Further, PM Modi will announce several other initiatives, including the development of fishing harbours, Integrated Aquaparks, and the adoption of advanced technologies like the Recirculatory Aquaculture System and Biofloc. These efforts aim to improve fish production, post-harvest management, and overall livelihoods within the fisheries sector.
These projects underline the government’s commitment to advancing infrastructure and promoting sustainable development while bolstering India’s position as a global leader in both the fintech and fisheries sectors.
Source: Hindustan Times
