PM Modi Inaugurates Infrastructure Projects Worth Over Rs. 4000 Crores in Kochi

• “Today, when India is becoming a major center of global trade, we are focusing on increasing the country’s maritime strength”
• “Many reforms have been carried out in the last 10 years to enhance ‘Ease of Doing Business’ in the sectors of ports, shipping and inland waterways”
• “The world is recognizing India’s potential and position in global trade”
• “Maritime Amrit Kaal Vision presents a roadmap to reinforce India’s maritime prowess for Viksit Bharat”
• “New dry dock at Kochi is the national pride of India”
• “Kochi Shipyard is playing an important role in modern and green water connectivity in the cities of the country”

KOCHI, KERALA: On January 17, 2024, Prime Minister Narendra Modi inaugurated three major infrastructure projects worth over Rs. 4,000 crores in Kochi, Kerala. The projects include the New Dry Dock (NDD) at Cochin Shipyard Limited (CSL), the International Ship Repair Facility (ISRF) of CSL, and the LPG Import Terminal of Indian Oil Corporation Limited at Puthuvypeen, Kochi.

The Prime Minister emphasized the role of every state in making India ‘Viksit Bharat’ during the Amrit Kaal. He highlighted the reforms made in the ports, shipping, and waterways sector in the last 10 years, which have brought new investments in India’s ports and created new employment opportunities. He also mentioned the increase in port capacity, investment in port infrastructure, and improved connectivity of ports under the Sagarmala Project.

The New Dry Dock, built at a cost of about Rs. 1,800 crores at the existing premises of Cochin Shipyard Limited (CSL), Kochi, is a flagship project reflecting New India’s engineering prowess. The International Ship Repair Facility (ISRF) project, built at a cost of about Rs. 970 crores, has a ship lift system with a capacity of 6000T, a transfer system, six workstations, and a berth of approximately 1,400 meters. The Indian Oil’s LPG Import Terminal at Puthuvypeen, Kochi, built at the cost of about Rs. 1,236 crores, boasts state-of-the-art facilities.

The commissioning of these three projects will boost the nation’s shipbuilding and repair capacities and the growth of energy infrastructure, including ancillary industries. The projects will also boost EXIM Trade, reduce logistics costs, drive economic growth, build self-reliance, and create numerous domestic and international business opportunities.

The inauguration of these infrastructure projects is in line with the Prime Minister’s vision to transform India’s ports, shipping, and waterways sector, and build capacity and self-sufficiency in it.