+
Centre gives nod for Rs 1.77 Bn worth development project
ECONOMY & POLICY

Centre gives nod for Rs 1.77 Bn worth development project

The Centre has approved the comprehensive development of a fishing harbour at Muthalapozhi, a coastal village known for recent fishing boat accidents. Located at Perumathura, where the Vamanapuram River and Kadinamkulam Lake meet the Arabian Sea, Muthalapozhi has become hazardous for fishermen navigating to and from sea.

Announcing the Centre’s decision on Sunday, Union Minister of State for Fisheries and Animal Husbandry, George Kurian, stated that the Rs 1.77 billion development project received approval based on a Detailed Project Report (DPR) submitted by the state government. The funding arrangement is set at a 60:40 ratio, with Rs 1.06 billion allocated under the Pradhan Mantri Matsya Sampada Yojana (PMMSY) and the remaining Rs 708 million to be contributed by the state.

Kurian explained that the harbour expansion will allow docking for up to 415 mechanised fishing boats, enabling the import of 38,142 metric tonnes of fish per year. The project is expected to benefit around 10,000 people directly, with an equal number indirectly. Infrastructure improvements worth Rs 1.64 billion will include modernisation of internal roads, establishment of new drainage systems, parking areas, and the renovation of loading areas. The remaining funds will support coastal protection and the implementation of a smart green port project, with the state government overseeing the harbour development.

Additionally, Kurian reported that the Centre has instructed the state government to implement safety measures to prevent further accidents at Muthalapozhi. The Centre also selected six fishing villages in Kerala for its Climate Resilient Village programme and plans to modernise five ports within the state.

The Centre has approved the comprehensive development of a fishing harbour at Muthalapozhi, a coastal village known for recent fishing boat accidents. Located at Perumathura, where the Vamanapuram River and Kadinamkulam Lake meet the Arabian Sea, Muthalapozhi has become hazardous for fishermen navigating to and from sea. Announcing the Centre’s decision on Sunday, Union Minister of State for Fisheries and Animal Husbandry, George Kurian, stated that the Rs 1.77 billion development project received approval based on a Detailed Project Report (DPR) submitted by the state government. The funding arrangement is set at a 60:40 ratio, with Rs 1.06 billion allocated under the Pradhan Mantri Matsya Sampada Yojana (PMMSY) and the remaining Rs 708 million to be contributed by the state. Kurian explained that the harbour expansion will allow docking for up to 415 mechanised fishing boats, enabling the import of 38,142 metric tonnes of fish per year. The project is expected to benefit around 10,000 people directly, with an equal number indirectly. Infrastructure improvements worth Rs 1.64 billion will include modernisation of internal roads, establishment of new drainage systems, parking areas, and the renovation of loading areas. The remaining funds will support coastal protection and the implementation of a smart green port project, with the state government overseeing the harbour development. Additionally, Kurian reported that the Centre has instructed the state government to implement safety measures to prevent further accidents at Muthalapozhi. The Centre also selected six fishing villages in Kerala for its Climate Resilient Village programme and plans to modernise five ports within the state.

Related Stories

Gold Stories

Next Story
Products

Interio by Godrej launches modular workplace solutions

Interio by Godrej has launched Workscapes, a modular workplace solutions category designed to help organisations configure and adapt workspaces to changing requirements. The portfolio combines mobile and compatible furniture and support elements that can be rearranged across different work modes without changes to fixed layouts.Workscapes includes Collaboration Tables, Privacy Solutions, Mobile Markerboards and Space Dividers, Power Solutions, Storage and Support Elements, Meeting and Presentation Tools, and Seating Elements. The range is designed for focused work, collaboration, informal disc..

Next Story
Infrastructure Urban

CAFE-III Gives Auto Industry Investment Clarity

The government’s new Corporate Average Fuel Economy (CAFE-III) norms have provided the automobile industry with a clearer framework for technology investments, according to industry representatives. The framework seeks to balance environmental objectives with flexibility for manufacturers while encouraging the adoption of flex-fuel vehicles and biofuels. Society of Indian Automobile Manufacturers (SIAM) President Shenu Agarwal said the five-year framework would give automakers greater predictability to plan investments and accelerate innovation. He said the regulation established annual targ..

Next Story
Infrastructure Energy

Mines Ministry to Auction Two Offshore Mineral Blocks in Andaman Sea

The Ministry of Mines will launch an auction of two offshore mineral blocks in the Andaman Sea on Thursday, seeking to unlock India’s offshore mineral potential and strengthen long-term mineral resource security. The blocks will be offered under a composite licence, which permits exploration and development activities in accordance with the applicable regulatory framework. The ministry said the auction was intended to encourage systematic exploration, attract investment and promote the use of advanced technologies for offshore mineral exploration and development. The initiative is also aimed..

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

SPECIAL OFFER
QR Code