PM Modi inaugurates, lays foundation stones for projects worth Rs 18,800 crore

Prime Minister Modi inaugurates and lays foundation stones for projects worth over Rs 18,800 crore. Investors have opportunity to partner with India and be a part of India-Middle East-Europe economic corridor, PM Modi said on the occasion.

Mumbai: Prime Minister Narendra Modi inaugurated and laid foundation stones for projects worth over Rs 18,800 crore. PM Modi laid foundation stone for Rs 4,539-crore Tuna Tekra all-weather deep-draft terminal at Deendayal Port Authority in Gujarat.

Investors have opportunity to partner with India and be a part of India-Middle East-Europe Economic Corridor (IMEEC), said Modi. The Prime Minister said that in the last decade, major ports' capacity has doubled, turn-around time for containers at ports has reduced sharply.

Speaking after the inauguration of the Global Maritime India Summit here, Modi said India took the lead at the G-20 summit to form a consensus on the corridor. Very few countries are blessed with development, demography, democracy and demand, Modi said and invited global investors to be part of India's growth journey.

He said whenever India's maritime capabilities have been strong in history, the country and the world have benefitted from it, and added that his government has been working to strengthen the maritime sector in the last 9-10 years.

PM Modi inaugurated and laid foundation stones for port-related projects worth over Rs 18,800 crore at the third edition of the summit. He also launched the foundation stone for the Rs 4,539-crore Tuna Tekra all-weather deep-draft terminal at the Deendayal Port Authority in Gujarat, which is being developed to aid the India-Middle East-Europe economic corridor.