Budget Boost for Port Development
PORTS & SHIPPING

Budget Boost for Port Development

In a significant move to bolster maritime infrastructure and promote tourism, the government has allocated a substantial budget for the development of ports, including those in the scenic archipelago of Lakshadweep. The allocation aims to enhance connectivity, boost economic activities, and unlock the tourism potential of these regions.

The financial commitment underscores the government's commitment to strengthening coastal infrastructure, a key driver for economic growth and tourism. The funds are expected to facilitate the creation of modern facilities, improve port efficiency, and attract more visitors to the picturesque Lakshadweep islands.

This initiative aligns with the government's broader strategy to enhance maritime trade and connectivity. The move is anticipated to generate employment opportunities, stimulate local economies, and position Lakshadweep as a sought-after tourist destination.

Key stakeholders, including the Ministry of Shipping and Tourism, are optimistic about the positive impact of this budget allocation. As the government sets sail on this ambitious plan, eyes are on the transformative changes it will bring to the coastal regions and their contribution to India's economic and tourism landscape.

The 14th RAHSTA Expo, part of the India Construction Festival, will be held on October 9 and 10, 2024, at the Jio Convention Centre in Mumbai. For more details, visit: https://rahstaexpo.com

In a significant move to bolster maritime infrastructure and promote tourism, the government has allocated a substantial budget for the development of ports, including those in the scenic archipelago of Lakshadweep. The allocation aims to enhance connectivity, boost economic activities, and unlock the tourism potential of these regions. The financial commitment underscores the government's commitment to strengthening coastal infrastructure, a key driver for economic growth and tourism. The funds are expected to facilitate the creation of modern facilities, improve port efficiency, and attract more visitors to the picturesque Lakshadweep islands. This initiative aligns with the government's broader strategy to enhance maritime trade and connectivity. The move is anticipated to generate employment opportunities, stimulate local economies, and position Lakshadweep as a sought-after tourist destination. Key stakeholders, including the Ministry of Shipping and Tourism, are optimistic about the positive impact of this budget allocation. As the government sets sail on this ambitious plan, eyes are on the transformative changes it will bring to the coastal regions and their contribution to India's economic and tourism landscape.

Next Story
Infrastructure Transport

Govt announces Rs 20 Bn bonus for railway employees

Union Minister Ashwini Vaishnaw announced on Thursday the Cabinet has approved a Productivity Linked Bonus of Rs 20.29 billion for Railway employees, benefiting 11,72,240 workers in recognition of their good performance. He also addressed concerns about recruitment, stating that the process for filling 58,642 vacancies is underway, countering opposition claims that present misleadingly small figures regarding employment in the Railways. Union Minister Ashwini Vaishnaw said, Productivity Linked Bonus for Railway employees of Rs 20.29 billion has been approved by the cabinet for the good perfo..

Next Story
Infrastructure Transport

Prabhakar seeks new railway line between Belagavi and Karad

KLES chairperson and former Rajya Sabha member Prabhakar Kore urged the Union minister of road transport and highways Nitin Gadkari and Union consumer affairs minister Pralhad Joshi, who were on the dais, to get the Belagavi-Nippani-Kolhapur-Karad new railway line sanctioned between Karnataka and Maharashtra by exerting pressure on the railway minister. He was speaking after accepting an honour from the citizens of Nippani town for his contribution to the education, health, and agriculture sectors over the past 40 years. VSM's Somashekhar Kothiwale Institute of Technology organised the progra..

Next Story
Infrastructure Transport

Rs 147 Bn allotted to Madhya Pradesh rail development

A sum of Rs 147 billion has been allocated to Madhya Pradesh for development of railways, Union Minister Ashwini Vaishnaw said .The railway minister virtually flagged off a train service from Jaura to Kailaras in Morena district after the route was converted from narrow gauge to broad gauge. Union Communications Minister and MP speaker Narendra Tomar too showed green flags when the train departed from Jaura station. Rs 147 billion have been allocated for the development of railways in MP. Right now, five Vande Bharat trains are running in Madhya Pradesh. In the last 10 years, 222 kilometres ..

Hi There!

"Now get regular updates from CW Magazine on WhatsApp!

Join the CW WhatsApp channel for the latest news, industry events, expert insights, and project updates from the construction and infrastructure industry.

Click the link below to join"

+91 81086 03000